Charleston, SC 29492 Real Estate Market Report

ZIP Code: 29492
Report Date: March 2026
Market Temperature: HOT
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The median sold price in Charleston, SC (ZIP: 29492) stands at $872,499.5, reflecting a robust market despite a normalization from previous frenzied activity. This indicates a competitive environment where buyers are still willing to pay premium prices for homes. The market has shown an upward price trend, suggesting continued buyer interest and a resilient local economy driven by corporate expansions and in-migration.

Transaction activity appears moderate, with 260 median days on market, indicating a slower sales velocity compared to previous periods. Elevated inventory levels suggest an excess supply relative to sales activity, which may create pricing friction as buyers navigate their options. The recent dip in mortgage rates below 6% could further intensify competition as we move into the spring season, potentially impacting both buyer sentiment and market dynamics.

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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 Hot market indicates strong buyer demand with limited inventory, typically characterized by rising prices, quick sales (low days on market), and inventory levels below historical averages.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Charleston SC around 5.9% are slightly lower than the 6.18% average seen in early 2026, presenting a minor cost advantage for new financing.

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 $872,499.5 indicates strong buyer interest in Charleston despite a normalization phase.

2. With a median days on market of 260, the market is experiencing slower sales velocity, which may suggest caution for sellers.

3. The median listing price of $849,999 shows a notable gap compared to sold prices, indicating potential pricing friction in negotiations.

4. Current mortgage rates around 5.9% present a slight cost advantage for buyers, which may stimulate increased activity in the market.

5. The market temperature remains hot, with prices trending up, suggesting ongoing demand despite elevated inventory levels.

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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.