Berkeley County Home Prices & Values

$146,900 Zillow Home Value Index What's This?  
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The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

  • 11.6% 1-year change
  • 2.6% 1-year forecast

The median home value in Berkeley County is $146,900. Berkeley County home values have gone up 11.6% over the past year and Zillow predicts they will rise 2.6% within the next year. The median list price per square foot in Berkeley County is $103, which is lower than the Charleston Metro average of $143. The median price of homes currently listed in Berkeley County is $210,000 while the median price of homes that sold is $169,450. The median rent price in Berkeley County is $1,200, which is lower than the Charleston Metro median of $1,300.

Foreclosures will be a factor impacting home values in the next several years. In Berkeley County 6.5 homes are foreclosed (per 10,000). This is greater than the Charleston Metro value of 6.0 and also greater than the national value of 4.3

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Berkeley County is 7.4%, which is higher than the national value of 6.9%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Berkeley County homeowners underwater on their mortgage is 21.0%, which is higher than Charleston Metro at 18.7%.

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Relative ZHVI
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Berkeley County Market Overview

Data through Aug 31, 2014
  • $146,900 ZHVI
  • 2.6% 1-yr forecast What's This?  
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    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more

    (Aug 31, 2015)
  • $210,000 Median listing price
  • $169,450 Median sale price
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Berkeley County Market Health

Data through Aug 31, 2014
  • 3.7/10 Less healthy What's This?  
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    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.

  • No recent data Average days on Zillow
  • 21.0% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 7.4% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

6.5 homes Berkeley County
6 homes Charleston Metro
4.3 homes United States
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Cities in Berkeley County

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Hanahan $174,500 Huger $166,900 Moncks Corner $149,800
Goose Creek $141,700 Bonneau $138,400 Jamestown $126,300
Cross $125,800    

Listings & Sales

Data through Aug 31, 2014
  • $103 Median list price / sq ft
  • $104 Median sale price / sq ft
  • 26.5% Listings with price cut
25.5%
Sold below listing
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Berkeley County Rentals

Data through Aug 31, 2014
Zillow Rent Index What's This?
Close The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more
$1,178 Berkeley County
$1,373 Charleston Metro
$1,328 United States
  • 1.4 Breakeven horizon What's This?  
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    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more

    (Jun 30, 2014)
  • $1,200 Rent list price
  • $0.81 Rent list price / sq ft
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