Charleston, SC 29492 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

Key Findings

1. The neighborhood’s primary transaction benchmark is the $1,413,000 median sold price, which serves as the most representative recent sale value and suggests pricing resilience relative to asking levels; use sold prices to set final offer strategy when negotiating.
2. There is a notable spread between the $889,000 median listing price and the $1,413,000 median sold price, which may indicate seller pricing expectations diverge from executed transaction levels and could create pricing friction during contract negotiations.
3. Market liquidity appears muted given the 300 median days on market, which signals slower sales velocity and suggests buyers may have more time to evaluate deals while sellers may need to be selective about pricing or concessions; adjust marketing timelines accordingly.
4. Market context shows prices and rents are trending up (price YoY trend: up; rent YoY trend: up), while the overall market temperature is neutral and interest rate pressure is moderate, indicating a balanced negotiation environment where financing costs are a caution but not an acute deterrent to transactions.

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.