Charleston Market Update: Luxury Sales Surge and Strong Suburban Activity

Date Range: January 30 – February 5, 2026

The Charleston real estate market saw robust activity this week, with 281 residential properties going under contract. The data reveals a diverse market landscape, with significant movement in both the entry-level suburban sectors and the multi-million-dollar luxury tier.

Market Overview: Single-Family Homes

Of the total properties placed under contract, 226 were single-family homes. The market remains steady with balanced inventory and consistent buyer demand.Key Trend: While established properties dominate the market, approximately 7% of contracts were for new construction. Distressed inventory remains negligible, accounting for only 6 of the 226 total sales.

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The Luxury Market

The high-end sector saw impressive volume, particularly in coastal and island enclaves. A total of 46 homes went under contract with list prices exceeding $1 million.

• $1M - $2M Range: 28 homes
• $2M - $3M Range: 11 homes
• $3M+ Ultra-Luxury: 7 homes

Luxury Sub-Market Highlights

• Daniel Island: Led the region in premium pricing with 7 contracts ranging from $1.3M to $8.25M. The median list price was $2.1M ($728/sqft).
• Sullivan’s Island: Notable activity with two high-profile contracts listed at $4.85M and $7.35M.
• Mount Pleasant: Extremely active with 35 total contracts; 18 of these were over $1M, driving a median price of $1.1M.
• Peninsula Charleston: 4 homes south of the crosstown went under contract with a median price of $1.8M and a premium price per square foot of $804.

 Island Living

Interest in island life remains a staple of the Charleston lifestyle, with 43 island homes going under contract this week.

• James Island: 6 homes (Median: $870k; Range: $559k – $1.05M)
• Johns Island: 13 homes (Median: $615k)
• Kiawah Island: 1 home (Listed at $2.1M)
• Edisto Island: 4 homes (Range: $520k – $895k)

Suburban Growth & Affordability

The northern and western corridors continue to serve as the engine for volume, offering the most accessible price points in the Lowcountry.

Volume Leaders

1. Hanahan / Goose Creek / Moncks Corner: 52 contracts (Median: $363k). Cane Bay accounted for 12 of these.
2. Summerville / Ladson: 37 contracts (Median: $420k | $192/sqft).
3. West Ashley: 28 contracts (Median: $617k). Activity ranged from $371k to a $3M estate.
4. North Charleston: 23 contracts (Median: $312k).

Affordability Note: Finding homes under $250k remains a challenge. Only 12 homes met this criteria regionally, concentrated primarily in North Charleston and the Goose Creek/Moncks Corner areas.

 Condos and Townhomes

The attached home market saw 48 units go under contract, providing options across all price spectrums:

• Entry Level: 4 listings under $200k.
• Mid-Market: 24 listings between $300k and $499k.
• Luxury Units: 6 listings between $1M and $3.2M.
• New Construction: 7 contracts were for newly built units.

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