Charleston, SC 29407 Real Estate Market Report

ZIP Code: 29407
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: 29407) reflects a median sold price of $566,500, indicating a stable market despite a slight price decline in the area. The neighborhood has decreased 8% since 2022, suggesting a shift in buyer sentiment and market dynamics. With a median listing price of $550,000, there is a notable gap between what sellers are asking and what buyers are willing to pay, which may indicate pricing friction in the current market environment.

The market is currently characterized by elevated inventory levels, providing buyers with more options. The median days on market stands at 238 days, reflecting a slower sales velocity and potentially indicating a cooling trend in buyer activity. This extended time on the market may suggest that sellers need to adjust their expectations in light of the current market conditions, which are influenced by moderate interest rate pressure and a neutral market temperature.

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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 in Charleston SC around 5.875% are 0.26% lower than the average 6.13% seen at the start of 2026, presenting a favorable refinancing window for recent borrowers.

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 $566,500 indicates a stable market but reflects a decrease of 8% since 2022.

2. With a median listing price of $550,000, there is a notable pricing gap that may suggest pricing friction between seller expectations and buyer willingness.

3. The median days on market of 238 days points to a slower sales velocity, indicating that properties are taking longer to sell.

4. Elevated inventory levels suggest stronger buyer options, which may influence negotiation dynamics in the market.

5. Current mortgage rates around 5.875% are lower than the average seen at the start of 2026, creating a favorable refinancing environment for 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.