Everything You Need to Know About the Charleston, South Carolina Housing Market

Current Market Overview

State of the 2025 Charleston Housing Market

If you’re thinking about jumping into the Charleston housing market right now, buckle up, because it’s been quite the ride. As of 2025, we’re still leaning a bit toward a seller’s market, but things have definitely mellowed out compared to a couple of years ago. Inventory remains tight but is slowly improving, offering a bit of relief to buyers who’ve been battling multiple-offer situations for ages. Prices are still nudging upwards but at a slower pace, hinting at a more balanced market on the horizon.

Home Prices

Right now, the median price in Charleston sits around $525,000—pretty steep, right? Well, that’s a decent bump from the previous year, about 6% higher to be exact (source). Homes for sale in Charleston are selling for about $320 per square foot, and most are going close to their asking price, typically around a 98% sale-to-list ratio. So, while home values keep climbing, buyers aren’t getting priced out overnight like they were a few years back.

Homes Sold

In May 2025, Charleston saw 338 homes sold, marking a slight 0.9% decrease from April’s 341 sales. This minor dip suggests a steadier pace in the market, possibly due to seasonal trends or buyer caution amid fluctuating mortgage rates. Interestingly, about 60% of these homes sold below asking price, 25% at asking, and only 15% above asking, indicating that while demand remains, buyers are negotiating more assertively. 

Comparatively, April 2025 recorded 321 homes sold, up from 298 in April 2024, reflecting a 7.7% year-over-year increase. This uptick points to a resilient market, with buyers still active despite economic uncertainties.

Overall, while the number of homes sold has experienced slight month-to-month fluctuations, the year-over-year growth underscores a sustained interest in Charleston’s real estate market.

Market Activity & Demand

Homes in Charleston County are still moving fast, averaging about 30 days on the market before they’re snapped up. Buyers are coming in hot—lots of out-of-state folks still looking to settle into that coastal lowcountry lifestyle. Competition is tough, especially for desirable properties in historic areas or near the beaches. Cash buyers and those waiving contingencies are common, which can put some first-time buyers in a pinch.

How Current Interest Rates Affect the Housing Market

Mortgage rates have been bouncing around but are currently hovering around 6.5%. That means affordability is definitely impacted, pushing some buyers to reconsider their budgets or opt for more affordable neighborhoods. If rates stabilize or drop by the end of 2025, expect an uptick in activity as more buyers re-enter the market.

Types of Properties in Charleston, SC

Popular Types of Homes

Single-family homes dominate Charleston’s housing landscape, especially those charming Craftsman and Colonial styles with big front porches that scream “Southern living.” Condos and townhomes are also huge, particularly around downtown Charleston and Mount Pleasant. Short-term rentals have exploded in popularity too, appealing to investors who want a piece of the bustling tourist market.

What’s Currently in Demand

Buyers right now love condos and townhomes close to downtown or near the coast. Anything with home-office space or ADUs (accessory dwelling units) is flying off the shelves. With remote work sticking around, properties offering a comfortable setup for home offices or guest suites are definitely hot commodities.

What’s Being Built

New construction in Charleston is all about practicality and style. You’re seeing a ton of townhome communities popping up, especially those with sleek, open floor plans and eco-friendly features. Historic renovations are also big, turning older properties into stylish homes with modern amenities. Builders know folks around here appreciate a blend of classic charm and modern convenience.

Who’s Buying and Selling in Charleston, SC

Buyer Demographics

Charleston’s buyers are a diverse crowd. You’ve got retirees flocking from colder climates, young professionals drawn to the city’s vibrant culture, and plenty of families chasing good schools and coastal living. Increasingly, remote workers from pricey cities are making their way here, finding better bang for their buck compared to, say, New York or San Francisco.

Seller Demographics

Sellers in Charleston are typically long-time homeowners cashing in on high home values, or folks looking to downsize or move closer to family. We’re also seeing investors flipping homes or exiting rental properties to capitalize on the strong market.

Shifting Charleston Housing Market Trends

Curious about the latest real estate trends? Investors targeting rental properties have spiked. Rental demand in Charleston is climbing due to rising housing prices, making properties close to popular tourist or downtown spots especially attractive investments.

Charleston, SC Neighborhood Spotlights

Top Performing Neighborhoods

West Ashley and Mount Pleasant consistently attract buyers. Mount Pleasant has excellent schools, strong community vibes, and stunning coastal views, making it a favorite. West Ashley’s mix of affordability, convenience, and ongoing developments keep it appealing.

Up and Coming Neighborhoods

Park Circle and North Charleston are catching attention. Park Circle’s got a hip, artsy feel, great restaurants, and easy commutes. North Charleston’s massive revitalization projects are turning heads—new developments and businesses are sprouting up fast.

Where is the Charleston, SC Real Estate Market Heading?

Expert Predictions & Outlook on the Charleston Real Estate Market

Looking ahead, Charleston real estate is expected to continue cooling slightly, shifting toward a balanced market by the end of 2025. Zillow’s latest housing market forecast suggests moderate price growth, around 3-5% annually, making it stable yet attractive for both buyers and sellers (source). 

If you are looking for homes for sale in Charleston, SC, keep an eye on interest rates and inventory—if rates dip and more homes hit the market through 2026, expect buyer activity to surge again. Overall, Charleston remains a solid place to invest with steady housing prices, strong demand, and the ongoing appeal of coastal living.