Charleston, SC 29414 Real Estate Market Report

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

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

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.

Market Trends & Context

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

Key Findings

1. The neighborhood's primary market indicator, the $399,000 median sold price, signals the market value supported by recent transactions and aligns with a up price year-over-year trend, indicating modest appreciation in realized sale prices.
2. The $525,000 median listing price sits well above the median sold price, which may indicate pricing friction between seller expectations and recent transaction levels and suggests that some sellers may need to adjust offers to meet market-clearing prices.
3. The 226 median days on market points to slower sales velocity and, combined with elevated inventory relative to sales activity, appears to be extending time-to-close for SFR and condo transactions; with market temperature described as neutral, this suggests a more balanced negotiation environment than a strong seller's market, while elevated interest rate pressure (elevated) could further dampen urgency.
4. The 247 median price per square foot and a median market rent of $1,747, alongside a up rent year-over-year trend, indicate that per-unit pricing is stable and rental demand is strengthening; investors should weigh slower sales velocity and rate pressure when evaluating hold vs. sell strategies.

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.