South Carolina Real Estate Trends - A New Way to Look at South Carolina Realty

South Carolina Real Estate

Recent trends in South Carolina real estate indicate that prices have evened out as buyer’s and seller’s negotiate a new understanding of the value of property in the modern economic climate. Between the end of 2011 and April of 2012, the average price for a condo or townhouse in South Carolina went from $183,000 to $197,000. Single family homes, both in and out of the city, averaged a list price of $282,000 at the end of last year and seller’s are now asking an average of $270,000. With approximately 55% of the market share, single family homes and townhouses/condos constitute the foundation of the South Carolina real estate market.

While the seller’s of single family homes and condos/townhouses have obviously high hopes for the correct price point for South Carolina real estate, evidence indicates that buyer’s still expect to get great value for their money. Over the past 5 months, the average sale price of a single family home in South Carolina has been $162,000, 42% below the average list price. In the condominium market, the average sale price is $216,000, suggesting that perhaps a number of high priced listings recently sold.

Map of South Carolina Cities - Average Listing Price Change

South Carolina Real Estate:
Largest Increase in Listing Price

City 3 mo.
Travelers Rest, SC Real Estate
8.86%
Marion, SC Real Estate
8.01%
Gaffney, SC Real Estate
7.51%
Ridgeland, SC Real Estate
7.28%
Tega Cay, SC Real Estate
6.66%

South Carolina Real Estate:
Largest Decrease in Listing Price

City 3 mo.
Chester, SC Real Estate
14.07%
Walterboro, SC Real Estate
10.31%
Johns Island, SC Real Estate
9.27%
Fair Play, SC Real Estate
7.72%
Isle of Palms, SC Real Estate
6.11%

South Carolina Homes For Sale By City

Most Expensive South Carolina Homes for Sale by City

City Median $ 3 mo.
Isle of Palms, SC Homes for Sale $1,255,917
6.11%
Hilton Head Island, SC Homes for Sale $1,014,060
1.69%
Seabrook Island, SC Homes for Sale $803,123
0.16%
Johns Island, SC Homes for Sale $765,670
9.27%
Mount Pleasant, SC Homes for Sale $740,171
0.40%

Least Expensive South Carolina Homes for Sale by City

City Median $ 3 mo.
Chester, SC Homes for Sale $127,524
14.07%
Newberry, SC Homes for Sale $132,971
2.21%
Marion, SC Homes for Sale $134,098
8.01%
Liberty, SC Homes for Sale $145,033
2.42%
Hartsville, SC Homes for Sale $161,926
2.08%

Best South Carolina Cities for Families and Singles

Top 5 South Carolina Cities for Families

City Homes with
Children
Crime vs. Natl. Avg.
Five Forks, SC Local Info 58.00% 1.17
Ladson, SC Local Info 44.00% 0.75
Bluffton, SC Local Info 44.00% 1.39
Irmo, SC Local Info 43.00% 0.66
Fort Mill, SC Local Info 42.00% 0.71

Top 5 South Carolina Cities for Singles

City Unmarried Female
to Male
Columbia, SC Local Info 82.00% 48% / 52%
Dentsville, SC Local Info 82.00% 55% / 45%
Orangeburg, SC Local Info 82.00% 54% / 46%
Clemson, SC Local Info 80.00% 47% / 53%
Saint Andrews, SC Local Info 80.00% 54% / 46%
Methodology

Largest Increase in Listing Price Methodology

This chart uses the median listing price of cities with at least 100 active property listings to calculate the largest percentage increase in median listing prices for single family homes over a three month period.

Largest Decrease in Listing Price Methodology

This chart uses the median listing price of cities with at least 100 active property listings to calculate the largest percentage decrease in median listing prices for single family homes over a three month period.

Most Expensive Homes for Sale by City Methodology

This chart uses the median listing price of cities with at least 100 active property listings to retrieve the cities with the five highest median listing prices of single family homes. In addition, the median listing prices are used to calculate the associated increase or decrease in median listing price as a percentage over a three month period.

Least Expensive Homes for Sale by City Methodology

This chart uses the median listing price of cities with at least 100 active property listings to retrieve the cities with the five lowest median listing prices of single family homes. In addition, the median listing prices are used to calculate the associated increase or decrease in median listing price as a percentage over a three month period.

Top 5 Cities for Families Methodology

This chart displays the top five cities with a population of at least 10,000 that have the highest percentage of homes with children and the lowest crime rate. Crime rate is determined by comparing each city's crime rate index against the national crime rate index, which equals 100. A number lower than one indicates less crime than the national average, while a number greater than one indicates more overall crime than the national average.

Top 5 Cities for Singles Methodology

This chart displays the top five cities with a population of at least 10,000 that have the highest percentage of unmarried people. An unmarried person is defined as someone who was never married, is separated, or divorced.