The average sale price is determined by totaling all the sale prices of homes sold in a specific area over a set time period and dividing by the number of properties sold. However, if a property or two sells at an unusually high or low price, it can distort the average, making it an unreliable metric in certain situations. The median sale price is the price right in the middle of a dataset. It shows the point where half the properties in an area sell for more and the other half sell for less. This figure is a reliable way to track market trends over time.
Average and median sales prices are both useful methods for analyzing data, but they serve different purposes.
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
SALES PRICE – The median sales price closed out at $440,000 in April 2025, up +4% over April of 2024 and the average sales price for April 2024 was $664,971.
NEW WRITTEN SALES (Pending) – There were 1,876 new written sales in April 2025, up 10.5% versus April of 2024.
CLOSED SALES – There were 1,568 closed sales in April of 2025, down 6.7% from April of 2024.
INVENTORY – Approximately 2,622 new listings came online in April 2025, which is up +15.7% from April 2024 and the average Days on Market was at 48, up +23.1% with 3.3 months of inventory (up 26.9%).
PRICE PER SQFT – The median price per sqft closed out at $237 for April of 2025, up 4.9 % and an average of $307 sqft.
APRIL STATS BY COUNTY:
Berkeley – The median sales price was $395,000 | down -1.0%. The average sales price was $508,250 and the average days on market was 52 | up +20.9%
Charleston – The median sales price was $600,000 | down -5.5%. The average sales price was $913,859 and the average days on market was 39 | up +25.8%
Dorchester – The median sales price was $370,000 | 0.0% (no change year over year). The average sales price was $413,610 and the average days on market was 48 | up +29.7%
NEW SALES – Pending – There were 1,898 new written sales in March 2025, up 7.1% versus March of 2024. This is a good indicator of future closed sales.
CLOSED SALES – There were 1,520 closed sales in March of 2025, down 1.1% from March of 2024
SALES PRICE – The Median sales price closed out at $429,000 in March 2025, up +4.6% over March of 2024 and the average sales price for March 2024 was $666,861, up+11.3%.
INVENTORY – Approximately 2,463 new listings came online in March 2025, which is up +13.2% from March 2024 and the average Days on Market was at 52, up +40.5% from March of 2024 with 3.1 months of inventory (up 24%).
PRICE PER SQFT – The median price per sqft closed out a $240 for March of 2025, up 5.7 % from March of 2024. The average of $309, rose +5.5%.
By County:
Berkeley – Median Price per sqft =$203 | up +2.5%, Average price per sqft $232 | up +2.7%
Charleston – Median Price per sqft =$353 | up +8.3%, Average price per sqft $420 | up+4.7%
Dorchester – Median Price per sqft = $198 | up +7.6%, Average price per sqft $201 | up +5.2%
The Lowline project envisions a central spine of parks and mobility systems connecting downtown to West Ashley, North Charleston and Mt Pleasant. The plan will transform an abandoned rail line and neglected highway corridor into a continuous green corridor that supports the surrounding communities and provides places for active and passive recreation..
Charleston City Council recently approved a $1.1 million design-build contract, officially launching the first phase of construction for this long-awaited project. A community open house is scheduled for Thursday, April 24th from 5:00 to 6:30 p.m. at Palmetto Brewing Company, located at 289 Huger Street in Charleston.
THE NORTH CENTRAL CORRIDOR:
The North Central Corridor runs from Romney Street to the planned transit hub on Mount Pleasant Street
The North Central Corridor provides areas for active and passive recreation in “The Columns” beneath the elevated highway
“The Columns” area also provide ample space to host a neighborhood market
This district will include pocket parks where neighborhood streets end into the Lowline property
The potential transit oriented redevelopment of the Parks Department building provides an opportunity to create a new pedestrian district at the North end of the Lowline
THE PARKS
The Parks District runs from Romney Street to Line Street
It is bookended by two new park spaces: New Market Creek Park to the North and Lowline Park to the South
Lowline Park is a large open space designed for events and gatherings
NewMarket Park is an enhanced Salt- and Fresh- water ecosystem
NewMarket Park provides a natural amenity for the public to enjoy while also enhancing stormwater management for the surrounding neighborhoods
THE URBAN CORE
The Urban Core District of the Lowline runs from Line Street to Marion Square
The District currently has the most diverse mix of uses and the highest density on the peninsula
The Lowline in the Urban Core is envisioned to be a series of alleys
Some portions of the Lowline already exist as alleys between Mary and Hutson Street
The side streets that connect King and Meeting streets will become important access points. Improvements to these connecting streets will be included in the Lowline
This Network of interconnected pedestrian walkways will enhance the entire district
NEW SALES – Pending – There were 1,566 new written sales in February 2025, up 6.0% versus February of 2024.
CLOSED SALES – There were 1,250 closed sales in February of 2025, down 6.3 % from February of 2024
SALES PRICE – The Median sales price closed out at $419,839 in February 2025, up +4.2% over February of 2024 and the average sales price for January 2024 was $647,055, up+12.2%.
INVENTORY – Approximately 2,153 new listings came online in February 2025, which is up +5.2% from February 2024 and the average Days on Market was at 59, up +37.2% from February of 2024 with 3 months of inventory (up 25%)
PRICE PER SQFT – The median price per sqft closed out a $227 for February of 2025, up 6.6%
Closed sales were down year over year but new written sales were up about 6%, which is an indicator of future closed sales. Inventory is improving giving buyers more choice with just modest price gains. Overall, we have positive indicators for the Spring Market!
The neighborhood work club is launching its first Charleston location on Rutledge Avenue, next to Hampton Park. The space will feature high ceilings, skylights, and a library. The 5,000-sqft building was once a supermarket back in the 1970s.
The space is designed for working, hanging out, reading a book, meetings or just to grab a coffee. Locally roasted coffee is free 24/7 for members.
Quick facts:
250 memberships will be available.
Members will have 24/7 access to the space.
A membership will grant access to all work clubs across the country.
Phone booths and meeting rooms on-site will also be available.
Memberships are $100 a month + you can cancel at any time.
CEO and Founder Michael Tavani said “There’s a growing need for that ‘third place for work’ in this city and beyond — a space that’s not your home or office, but somewhere to mix it up. Charleston is one of our favorite cities in the world, chock full of iconic neighborhoods, so it was an obvious choice for us to plant a flag here.”
Memberships go live on Thursday, April 24, at 10 a.m. Sign up for early access to memberships and sneak peek invites.
The Long Savanah development will be broken up into three main parts: a city park, a county park and a 1,200-acre residential area. The development agreement allows for 4,500 residential units, with 675 allocated to the workforce housing.
Other developments, within a five-mile radius of the development, along Bees Ferry Rd and Glen McConnel Parkway are being planned. The total housing units in this corridor will top 6,000 once completed
Other Developments include:
The Davis Development: 337
The Davis Development that is currently clearing the corner of Bees Ferry and Sanders roads for a 337-unit multifamily complex. The Plans call for eight buildings with a maximum height of 55 feet, with each containing 30 to 80 rental units.
Ashley Walk Townes: 57
Ashley Walk Townes, The new Beazer townhome community has already sold out phase one, but a second is now open with homes starting at $404,990. Two floorplans call for three- and four-bedroom options spanning 2,100 to 2,300 square feet.
Affordable housing: 180
Charleston City Council approved rezoning a 17-acre property by Verdier Road to accommodate 180 affordable housing units . The project is still in the works and now includes a commercial aspect, including a potential daycare within the parcel.
Verdier Pointe: 101
Pennsylvania-based builder Toll Brothers is in the midst of constructing 101 single-family attached homes in the Verdier Pointe. The neighborhood runs along Claret Cup Way and Verdier Boulevard, which intersect with Bees Ferry Road. Four floorplans range from 1,500 to 2,000 square feet with prices starting at $452,000.
WEM Apartments: 250
A North Carolina developer is in the approval process with the city to build a nine-acre parcel at 3950 William E. Murray Blvd. The site, near West Ashley High School and the Spinx convenience store on Glenn McConnell Parkway, would have 250 rental units.
Gateway Apartments: 69
A senior housing complex is under construction at 2280 Henry Tecklenburg Drive.
Once completed, Gateway Apartments will offer 69 units for residents 55 and older on 4.4 acres just down the road from Bon Secours St. Francis Hospital.
Atlanta-based PulteGroup‘s Del Webb unit has broken ground on its 55-plus Cainhoy peninsula project. The neighborhood sits on a 502-acre parcel along Beech Hill Drive. It’s within the 9,000-acre master-planned Point Hope development.
Plans for the golf-cart friendly community, Del Webb Pointe Hope is aiming to open by early next year.
The new Del Webb community will be located in the Charleston area near the juncture of Clements Ferry and Cainhoy roads in the city of Charleston in Berkeley County.
Pointe Hope is Del Webb’s third 55-plus housing project in the Charleston region, all in Berkeley County. The first, in Cane Bay, has sold out. Another in the Nexton development in Summerville includes 1,400 homes. Del Webb has sold almost 900 homes in the last eight years.
February 2024 Update for the entire Charleston MLS:
NEW SALES – Pending – There were 1379 new written sales in January 2025, down -6.1% versus January of 2024.
CLOSED SALES – There were 1045 closed sales in January of 2025, up 2.8% from January of 2024
SALES PRICE – The Median sales price closed out at $415,917, up 0.2% over January of 2024 and the average sales price for January 2024 was $631,715
INVENTORY – Approximately 1,907 new listings came online in January 2025, which is up +2.3% from January 2024 and the average Days on Market was at 50, up 28.2% from January of 2024 with 2.7 months of inventory.
Real Estate Matters in Charleston SC - Gena Glaze 