Is Charleston, SC 29407 a buyer’s or seller’s market?
Charleston is a seller’s market. With about 3.5 months of supply and 17% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
More competitive than 35% of U.S. ZIP codes, and #44 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, 17% of homes in Charleston, SC 29407 sold above their list price, the typical home went under contract in 55 days and there were 3.5 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 143 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 13%, homes sold more slowly (53 days then) and the median sale price rose 2% to $583,747. Overall, Charleston is more competitive than a year ago, so tougher for buyers.
Within Charleston County, homes here sell faster, and more often over asking, than in any other ZIP code in the county. On our competition score, Charleston ranks #44 of 191 SC ZIP codes with enough sales (score 37 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).
Run the numbers for 29407
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 seller’s market: there were 3.5 months of supply in Charleston, SC 29407 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 55 days in the latest three months.
Do homes in Charleston sell over asking?
17% of homes sold above their original list price, and the typical sale closed at 97.8% 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 $583,747 in the three months ending August 31, 2026, about $356 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