YEAR-OVER-YEAR STATS (September 2026 Vs September 2025)
CLOSED SALES – There were 1.537 closed sales in September, UP- 10.5% from September of 2025.
SALES PRICE – The median sales price closed out at $425,000 UP +0.7% from September 2025. The average sales price for was $697,209
INVENTORY – Approximately 2,007 new listings (all property types) came online in September of 2026, which is DOWN -0.4%. The average Days on Market was at 55 (up 7.8% YOY), with 3.6 months of inventory
PRICE PER SQFT – The average price per sqft for all residential property types was at $303, UP +4.4%
NEW WRITTEN SALES (Pending) – There were 1,375 new written sales in September 2026, UP+6.0% This is an indicator of future closed sales.
New contracts, “Pending Sales,” are progressing steadily as new inventory is slowly added, keeping us below the 5-6 months of inventory needed to balance the market. Next month’s stats will reveal the impact of the recent rise in mortgage rates, and it will be interesting to see how this affects the market.
Luxury Market – Over $1,000,000
Homes over $1,000,000 had a strong performance with closed sales up 8% Year over Year. This segment accounts for about 25% of the market and is concentrated mostly in the luxury areas of Mount Pleasant, Daniel Island, Downtown Charleston, and the surrounding barrier islands.
NEW CONSTRUCTION
New construction represented approximately 31% of all closings in MLS.
- 21% of all closings in Charleston County are new construction
- 19% of all closings in Dorchester County were new construction
- 50% of all closings in Berkeley County were new construction
May MEDIAN SALES PRICE BY COUNTY:
Berkeley County – $417,339
Dorchester County – $415,424
Charleston County – $520,708
Real Estate is Hyper Local. Market statistics vary by location, if you would like a detailed report of your neighborhood and home’s value, feel free to contact me.
Discover more from Real Estate Matters in Charleston SC - Gena Glaze
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