Charleston Home Prices & Values
Zillow Home Value Index
The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more
$328,110
- 1.0% 1-year change
- 1.6% 1-year forecast
Market temperature
The market temperature is based on three metrics: the list-to-sale price ratio, the prevalence of price cuts on home listings, and time-on-market. It provides information on the current balance of bargaining power between buyers and sellers in this region relative to that balance historically, enabling buyers and sellers to see trends in their local housing market temperature. Learn more
The median home value in Charleston is $328,110. Charleston home values have gone up 1.0% over the past year and Zillow predicts they will rise 1.6% within the next year. The median list price per square foot in Charleston is $214, which is higher than the Charleston-North Charleston Metro average of $173. The median price of homes currently listed in Charleston is $380,000 while the median price of homes that sold is $316,100. The median rent price in Charleston is $1,997, which is higher than the Charleston-North Charleston Metro median of $1,750.
Foreclosures will be a factor impacting home values in the next several years. In Charleston 0.2 homes are foreclosed (per 10,000). This is lower than the Charleston-North Charleston Metro value of 0.4 and also lower than the national value of 1.2
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 0.6%, which is lower than the national value of 1.1%. 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 4.8%, which is lower than Charleston-North Charleston Metro at 5.9%.
Read moreRelative ZHVI
- +Charleston Market Overview
Data through Dec 31, 2019
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$328,110
ZHVI
The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more
-
1.6%
1-yr forecast
The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more(Dec 31, 2020)
- $380,000 Median listing price
- No recent data Median sale price
Charleston Market Health
Data through Nov 30, 2019
- 106 Average days on Zillow
- 4.8% Homes with negative equity (8.2% US Avg) (Jun 30, 2018)
- 0.6% Delinquent on mortgage (1.1% US Avg) (Jun 30, 2018)
Nearby Cities
| Name | Median ZHVI |
|---|---|
| Edisto Beach | $365,400 |
| Hanahan | $215,100 |
| Huger | $198,800 |
| Name | Median ZHVI |
|---|---|
| Summerville | $187,900 |
| Goose Creek | $164,800 |
| Ladson | $143,400 |
Listings & Sales
Data through Dec 31, 2019
- $214 Median list price / sq ft
- No recent data Median sale price / sq ft
- 13.4% Listings with price cut
Charleston Rentals
Data through Dec 31, 2019
Zillow Rent Index
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The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more
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2.1
Breakeven horizon
The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more(Mar 31, 2018)
- $1,997 Rent list price
- $1.50 Rent list price / sq ft
