Charleston Home Prices & Values

$224,500 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

  • 5.9% 1-year change
  • 2.2% 1-year forecast

The median home value in Charleston is $224,500. Charleston home values have gone up 5.9% over the past year and Zillow predicts they will rise 2.2% within the next year. The median list price per square foot in Charleston is $168, which is higher than the Charleston Metro average of $143. The median price of homes currently listed in Charleston is $312,000 while the median price of homes that sold is $245,500. The median rent price in Charleston is $1,500, which is higher than the Charleston Metro median of $1,330.

Foreclosures will be a factor impacting home values in the next several years. In Charleston 3.7 homes are foreclosed (per 10,000). This is lower than the Charleston Metro value of 5.1 and also lower than the national value of 4.4

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 Charleston is 5.4%, which is lower 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 Charleston homeowners underwater on their mortgage is 17.6%, which is lower than Charleston Metro at 18.7%.

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Relative ZHVI
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Charleston Market Overview

Data through Jul 31, 2014
  • $224,500 ZHVI
  • 2.2% 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

    (Jul 31, 2015)
  • $312,000 Median listing price
  • $245,500 Median sale price
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Charleston Market Health

Data through Jul 31, 2014
  • 3.5/10 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 data Average days on Zillow
  • 17.6% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 5.4% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

3.7 homes Charleston
5.1 homes Charleston Metro
4.4 homes United States
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Nearby Cities

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Sullivans Island $1,250,800 Kiawah Island $885,700 Isle of Palms $677,000
Folly Beach $533,000 Mount Pleasant $343,800 Hanahan $171,700
Goose Creek $134,900 North Charleston $119,500 Ladson $111,700

Listings & Sales

Data through Jul 31, 2014
  • $168 Median list price / sq ft
  • $151 Median sale price / sq ft
  • 35.4% Listings with price cut
26.0%
Sold below listing
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Charleston Rentals

Data through Jul 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
$1,498 Charleston
$1,358 Charleston Metro
$1,318 United States
  • 3.0 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, 2013)
  • $1,500 Rent list price
  • $1.33 Rent list price / sq ft
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