Real Estate Appreciation in Charleston: Trends and What It Means for You
The Charleston real estate market continues to thrive, demonstrating impressive appreciation year over year. At TREAT Realty (Trusted Real Estate Advisors Team in Charleston, SC), we believe in keeping our community informed about market trends that impact buyers, sellers, and investors. In this blog post, we’ll break down the latest Charleston real estate statistics and what they mean for you.
Charleston Real Estate Market Growth
As of December 2024, Charleston’s median home sale price has surged to $620,000, reflecting a 7.8% increase compared to the previous year. Similarly, Zillow reports an average home value of $562,718, marking a 5.1% appreciation over the past year. According to Rocket Homes, the median home price in January 2025 was $583,189, showing a 9.6% increase year over year.
Over the past decade, Charleston’s real estate has appreciated by approximately 149.85%, averaging an annual appreciation rate of 9.59%. This consistent upward trend underscores Charleston’s strong housing market and makes it an attractive location for homeowners and investors alike.
Charleston Neighborhood Trends
While overall appreciation is strong, market performance varies by neighborhood. Areas like Hollywood/Ravenel/Meggett have seen a remarkable 48.6% increase in closed sales in 2024. Understanding these local trends can help buyers make informed decisions when choosing the right area to invest in.
What Real Estate Appreciation Means for Homeowners and Buyers
For homeowners, this appreciation trend means increased equity and potential profits if selling. If you’ve been considering selling your Charleston home, now may be an excellent time to take advantage of the market’s strength. For buyers, while prices are rising, purchasing in Charleston remains a solid long-term investment, given the area’s continued growth and demand.
TREAT Realty: Your Trusted Charleston Real Estate Advisors
At TREAT Realty, we specialize in helping our clients navigate the Charleston real estate market. Whether you’re looking to buy, sell, or invest, our expertise ensures you make the best decision based on current market data and trends.
If you have questions about your home’s value or are ready to explore opportunities in the Charleston market, contact TREAT Realty today. Let’s make your real estate goals a reality in this thriving Charleston market!
Contact us today to learn more about buying or selling in Charleston, SC!
