Market Review – Charleston Area MLS – August Update 2025

Entire Charleston MLS (July Stats):

SALES PRICE – The median sales price closed out at $430,000 in July 2025, up +1.2% over July of 2024 and the average sales price for July 2025 was $620,556 

NEW WRITTEN SALES (Pending) – There were 1,577 new written sales in July 2025, up 11% versus July 2024.

CLOSED SALES – There were 1,719 closed sales in July of 2025, up 7.4% from July of 2024.

INVENTORY – Approximately 2,290 new listings (all property types) came online in July 2025, which is up +5% from July 2024 and the average Days on Market was at 45 with 3.6 months of inventory (up 16%). 1712 of July’s new listings were existing homes (non-new construction) this category is at 3.9 months of inventory, up 30%

PRICE PER SQFT – The average price per sqft for all residential property types was at $289 but for resales (non-new construction) it was calculated at $311 / sqft.  Despite a fairly stable Median Sale Price, this increase in price per sqft suggests consumers are getting a smaller house for the money (higher Sold $/sqft).

New Construction – New construction represents about 36% of the closings in MLS. In Berkeley County new construction represents 56% of all closed sales.

JULY STATS BY COUNTY:

Berkeley – The median sales price was $395,000 | down -0.3%. The average sales price was $500,965 and the average days on market was 45 | up +21.6%

Charleston – The median sales price was $623,225 | down -1.7%The average sales price was $870,712 and the average days on market was 39 | up +25.8%

Dorchester – The median sales price was $389,500 | up +2.3%. The average sales price was $417,491 and the average days on market was 42 | up +20%

JULY STATS – QUICK VIEW OF MUNICIPLAITIES:

Goose Creek– The median sales price was $314,900 | down -4.3% The average sales price was $317,088 |

Hanahan – The median sales price was $365,000 | down -1.3%, The average sales price was $431,131 

Summerville – The median sales price was $399,990 | no change 0.0%, The average sales price $431,092

North Charleston – The median sales price was $346,450 | down -0.4% The average sales price was $392,508 

Charleston / West Ashley – The median sales price was $585,000 | down -8.5% The average sales price was $875,381 

Mount Pleasant -The median sales price was $955,000 | up +9.1%, The average sales price was $1,127,187 

Daniel Island -The median sales price was $1,600,000 | up +7.4% The average sales price was $1,314,444 

James Island The median sales price was $338,000 | down -47.6%, The average sales price was $338,000 

Gena Glaze