Charleston Luxury Homes For Sale

As of July 2023, the housing market in Charleston has seen a considerable uptick compared to the previous year. Home prices have risen by 9.0%, with the median sales price now standing at $535K. However, properties are taking slightly longer to sell, remaining on the market for an average of 46 days as compared to 39 days the previous year. Furthermore, the volume of sales has decreased, with 245 homes sold this June, a reduction from the 310 homes sold during the same period last year.

The Charleston housing market can be characterized as moderately competitive. Homes typically sell within a period of 46 days, and it's not uncommon for them to receive multiple offers. On average, houses in Charleston sell for approximately 1% under their listing price and generally go from being actively listed to pending sale in around 43 days. In contrast, highly sought-after or "hot" properties can sell for about 1% above their asking price and tend to reach pending sale status more rapidly, often within 30 days.

Absolutely, Charleston is considered a great place to live for a number of reasons. It boasts a rich cultural scene, enjoys pleasant weather for much of the year, and offers a robust job market that continually attracts new residents. 

The city presents a vibrant blend of atmospheres, from the bustling historic district teeming with activity to the busy yet more laid-back suburban areas. Its diverse neighborhoods can make Charleston feel like multiple cities rolled into one.

Charleston's downtown area, characterized by its winding cobblestone streets, is home to a plethora of attractions. The renowned King Street is lined with art galleries, upscale shops, boutique hotels, and some of the finest dining options in the Southeast, making Charleston not only a wonderful place to live, but also an exciting place to explore.