Is Charleston, SC 29406 a buyer’s or seller’s market?
Charleston is a balanced market. With about 4.3 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
More competitive than 23% of U.S. ZIP codes, and #99 of 191 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Charleston housing market right now
In the three months ending August 31, 2026, 10% of homes in Charleston, SC 29406 sold above their list price, the typical home went under contract in 80 days and there were 4.3 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 81 home sales.
Compared with the same period a year earlier, the share selling over asking was about the same (9% then), homes sold faster (82 days then) and the median sale price held steady to $315,863. Overall, Charleston is about as competitive as it was a year ago.
Within Charleston County, homes here sell more slowly than in 67% of the county’s ZIP codes, and sell more often over asking than in 57%. On our competition score, Charleston ranks #99 of 191 SC ZIP codes with enough sales (score 28 out of 100).
Nearby, buyers who want less competition could look at Wadmalaw Island 29487 (0% sold over asking) or Sullivans Island 29482 (0% sold over asking), while Charleston 29407 (17% sold over asking) and Awendaw 29429 (17% sold over asking) are even more competitive.
Run the numbers for 29406
Nearby markets
Adams Run 29426Seller’s market $295 /sq ftAwendaw 29429Balanced $343 /sq ftCharleston 29401Balanced $1,028 /sq ftCharleston 29403Seller’s market $586 /sq ft Browse all markets →Towns like Charleston nearby
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Questions about Charleston real estate
Is Charleston a buyer’s or seller’s market?
A balanced market: there were 4.3 months of supply in Charleston, SC 29406 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Charleston?
The typical home went under contract in 80 days in the latest three months.
Do homes in Charleston sell over asking?
10% of homes sold above their original list price, and the typical sale closed at 98.8% of the list price.
What are property taxes in Charleston?
About 0.39% of a home’s value a year in Charleston County, or roughly $1,560 on a $400,000 home.
What is the median home price in Charleston?
The median sale price was $315,863 in the three months ending August 31, 2026, about $209 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology