Charleston, SC 29407 Real Estate Market Report

ZIP Code: 29407
Report Date: June 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.

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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 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.

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Key Findings

1. The primary indicator of market value is the median sold price $528,000, which reflects recent transaction activity and suggests current neighborhood pricing is below seller asking expectations given the median listing price $650,000—this gap may indicate pricing friction or that sellers are testing the market; balanced to slightly favor buyers appears plausible given available data.

2. The market shows modest upward momentum in broad pricing with price year-over-year trend up, while the reported median days on market 257 points to slower sales velocity and extended marketing periods that may pressure sellers to adjust pricing or concessions; neutral market temperature aligns with this paced liquidity.

3. Rental fundamentals remain supportive for investors: median market rent $1,772 with rent year-over-year trend up indicates continued rent growth, though the pace is described as more moderate in local context; positive rental trend may help offset longer sales cycles for buy-and-hold strategies.

4. Interest rate dynamics are a headwind: interest rate pressure elevated and the market temperature labeled neutral together suggest transactions require careful pricing and financing strategies—buyers and sellers should expect more negotiation and longer time-to-close windows; elevated interest rate pressure.

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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 29407 Real Estate Market Report

ZIP Code: 29407
Report Date: June 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.

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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

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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 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.

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Key Findings

1. The neighborhood's primary market-value indicator is the median sold price 239,000, reflecting recent completed transactions and aligning with a up price year-over-year trend at a neutral market temperature, indicating modest appreciation rather than rapid gains.

2. There is a notable spread between the median listing price 307,000 and the median sold price 239,000, which may indicate pricing friction or seller expectations above realized transaction levels and could require seller concessions to close deals.

3. Transactions are moving slowly given the median days on market 391, which suggests slower sales velocity; combined with a neutral market temperature and elevated interest rate pressure, the market appears balanced with a slight advantage to buyers as buyers take more time to transact.

4. Rental dynamics show a median market rent of 1,800 and a up rent year-over-year trend, indicating continued rental demand that supports investment interest, though rent growth is described in market context as moderate.

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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.