Charleston, SC 29401 Real Estate Market Report

ZIP Code: 29401
Report Date: June 2026
Market Temperature: HOT
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.

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Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

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Property Taxes

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Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

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Market Trends & Context

Understanding Market Temperature

A Hot market indicates strong buyer demand with limited inventory, typically characterized by rising prices, quick sales (low days on market), and inventory levels below historical averages.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Charleston, SC, are averaging 6.4%, which is approximately 0.5% higher than the 5.9% average seen earlier in 2026.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

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Key Findings

1. 2,279,000 is the median sold price and serves as the primary indicator of realized market value for June 2026; with the market temperature labeled hot and price year-over-year trend reported as up, recent transactions support continued appreciation.

2. 2,950,000 is the median listing price, which sits above the median sold price and may indicate pricing friction or seller optimism when compared to recent transaction levels.

3. 386 median days on market suggests slower sales velocity and extended time-to-contract for listed properties; this duration appears at odds with the "hot" market label and may indicate pockets of reduced liquidity or longer negotiation cycles.

4. 934 median price per square foot alongside a 3,995 median market rent reflects a high-priced market where rents are also trending up; combined with elevated interest rate pressure, this suggests increased carrying-cost sensitivity for buyers and potential caution among investor buyers.

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Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.

Charleston, SC 29401 Real Estate Market Report

ZIP Code: 29401
Report Date: June 2026
Market Temperature: HOT
Scope: This ZIP code analysis focuses on condominium properties. Metrics are calculated from recent condo sales and active listings within the past 90 days.

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Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

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Property Taxes

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Liquidity & Velocity

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Market Trends & Context

Understanding Market Temperature

A Hot market indicates strong buyer demand with limited inventory, typically characterized by rising prices, quick sales (low days on market), and inventory levels below historical averages.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Charleston, SC, are averaging 6.4%, which is approximately 0.5% higher than the 5.9% average seen earlier in 2026.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

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Key Findings

1. median sold price: $693,000 — This is the primary indicator of recent market value and suggests continued appreciation even as listing expectations remain higher; the combination of a median listing price: $750,000 and the recorded sold price gap appears to reflect pricing friction between seller expectations and closed transactions.

2. median days on market: 442 — Extended days on market point to slower sales velocity for individual transactions despite a broadly hot market temperature; this may indicate that buyers are selective or that price negotiation cycles are lengthening.

3. median price per square foot: $673 and median market rent: $3,030 — High price-per-square-foot together with rising rents (rent year-over-year trend: up) support strong underlying demand for income and occupancy, which may sustain price levels even under elevated interest rate pressure.

4. market temperature: hot and price year-over-year trend: up — The market remains firm with upward price momentum and increasing rents, yet liquidity appears mixed (elevated inventory relative to sales activity in the analyzed sample alongside moderate transaction volume), so sellers should price competitively and buyers should expect negotiation windows rather than immediate concessions.

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Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.