Charleston, SC 29420 Real Estate Market Report

ZIP Code: 29420
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 median sold price in Charleston, SC (ZIP: 29420) stands at $314,000, reflecting a slight cooling in the market with home values decreasing year-over-year. This trend may indicate a shift towards a more balanced market, as the area has experienced a decrease in home values, suggesting that buyers may have more negotiating power compared to previous periods. The market's overall liquidity appears to be moderate, with elevated inventory levels contributing to a slower sales velocity, as evidenced by a median days on market of 241 days.

The current median listing price is $313,595, which is closely aligned with the median sold price, indicating that seller expectations are in line with actual market transactions. However, the market temperature is classified as neutral, suggesting a balanced environment where neither buyers nor sellers hold a distinct advantage. This stability may be further influenced by moderate interest rate pressure, with current mortgage rates averaging between 6.25% and 6.64%, which is lower than earlier in the year, potentially easing some financial constraints for buyers.

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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

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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 the Charleston, SC market average around 6.25% to 6.64%, which is notably lower than the early 2026 average rates near 7.0%.

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 is $314,000, indicating a slight cooling in home values year-over-year.

2. With a median days on market of 241 days, the market is experiencing slower sales velocity, suggesting a need for patience from sellers.

3. The median listing price of $313,595 closely matches the sold price, indicating alignment between seller expectations and market reality.

4. The market temperature is neutral, reflecting a balanced market environment without a clear advantage for either buyers or sellers.

5. Rental trends show a median market rent of $1,960, with single-family rents rising while multifamily rents soften due to new supply.

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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.