Charleston, SC 29403 Real Estate Market Report

ZIP Code: 29403
Report Date: March 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

As of March 2026, the real estate market in Charleston, SC (ZIP: 29403) is characterized by a median sold price of $884,400, reflecting a stable environment for recent transactions. This price point indicates a gradual appreciation trend, as the market moves away from previous extremes. The overall market appears to be maintaining a balance, with median days on market stretching to 366 days, suggesting a slower sales velocity and a need for sellers to adjust expectations in line with buyer sentiment.

Inventory levels are currently elevated, providing buyers with a broader selection of properties. Despite this excess supply relative to sales activity, strong local economic fundamentals and ongoing migration patterns continue to support a competitive landscape, particularly for prime properties. The median listing price stands at $875,000, which, while slightly lower than the sold price, indicates potential pricing friction as sellers navigate the current market dynamics. Looking ahead, improving interest rates may stimulate buyer activity as the spring season approaches, potentially enhancing market liquidity.

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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 Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates near Charleston SC 29403 average around 5.997% compared to recent lows near 5.500% 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. The median sold price of $884,400 indicates a strong market value for recent transactions, suggesting sustained buyer interest.

2. With median days on market at 366, the market is experiencing a slower sales velocity, which may require sellers to recalibrate their pricing strategies.

3. Elevated inventory levels suggest excess supply relative to sales activity, providing buyers with more options and potentially leading to pricing negotiations.

4. The median listing price of $875,000 shows a slight gap compared to the sold price, indicating potential pricing friction in the current market.

5. Market temperature remains neutral, suggesting a balanced environment where both buyers and sellers may find opportunities.

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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.