Charleston, SC 29403 Real Estate Market Report
ZIP Code: 29403
Report Date: May 2026
Market Temperature: NEUTRAL
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.
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.
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.
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.
Property Taxes
Liquidity & Velocity
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 in the Charleston, SC 29403 market average 6.35%, reflecting a period of volatility where rates remain elevated compared to the sub-6% levels seen earlier in early 2026.
Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.
Key Findings
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The neighborhood's primary market value indicator is the median sold price: $900,000, which reflects recent transaction activity and aligns with a price trend that is up year-over-year — treat this as the most reliable signal of realized market value.
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The median listing price of $862,000 sits below the median sold price of $900,000, which may indicate pricing friction between seller expectations and recent closed transactions rather than simple list-price inflation.
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Liquidity is slow based on the median days on market of 394, suggesting slower sales velocity; combined with elevated inventory relative to sales activity, this appears to give buyers more leverage in negotiations.
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Valuation and rent context: the median price per square foot is $597 and median market rent is $2,640; market temperature is neutral with balanced conditions, while interest rate pressure is moderate and current local 30-year fixed averages 6.35%, which may temper purchase demand despite rising prices and rents.
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.
Recent Transactions
Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.
Sold above market average
Sold above market average
Representative market sale establishing baseline for properties in the core neighborhood.
Representative market sale establishing baseline for properties in the core neighborhood.
Representative market sale establishing baseline for properties in the core neighborhood.
Sold below market average
Sold below market average
Charleston, SC 29403 Real Estate Market Report
ZIP Code: 29403
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on condominium properties. Metrics are calculated from recent condo sales and active listings within the past 90 days.
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.
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.
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.
Property Taxes
Liquidity & Velocity
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 in the Charleston, SC 29403 market average 6.35%, reflecting a period of volatility where rates remain elevated compared to the sub-6% levels seen earlier in early 2026.
Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.
Key Findings
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The neighborhood's median sold price is $525,000, which should be treated as the primary indicator of recent transaction value and market direction; recent price momentum is up according to price year-over-year trend.
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There is a relatively constrained active supply profile in the analyzed sample, which, together with the market temperature being neutral, suggests a more balanced market where sellers' expectations (median listing price $531,950) are close to realized sale levels balanced market.
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Market velocity is slow: the median days on market is 374, which likely reflects longer listing periods and slower transaction turnover rather than immediate pricing collapse; this should be interpreted as slower sales velocity that may increase buyer negotiation leverage over time.
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Rental-side context shows upward pressure on rents with a median market rent of $2,100 and a rent year-over-year trend of up, while interest rate pressure is moderate and may temper buyer demand and price acceleration moderate interest rate pressure.
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.
Recent Transactions
Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.
Sold above market average
Sold above market average
Representative market sale establishing baseline for properties in the core neighborhood.
Sold below market average
Sold below market average
Sold below market average
Sold below market average
Investment Analysis
Compare rental income potential against ownership costs and benchmark against market averages.
Monthly rental income vs estimated ownership cost
20% down, 6.3% rate, 0.4% tax
Avg nightly rate and occupancy for this ZIP
Data Sources
Real estate market data & public records, and GemHaus® proprietary models.
Report generated: 5/1/2026
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