Charleston Real Estate Market Update: A Look at the Week of March 6 – March 12, 2026

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Market Overview

The Charleston area real estate market continues to move at a steady pace. During the week of March 6th through March 12th, 338 residential properties went under contract across the region. Whether you are looking for an affordable suburban retreat, a luxury island estate, or a historic downtown home, the latest contingent data offers valuable insights into current market trends.

Single-Family Homes: The Big Picture

Out of the total residential properties, 252 single-family homes went under contract.

• Median List Price: $495,000
• Price Per Square Foot: ~$268
• Median Days on Market: 25 Days
• Median Year Built: 2001

The market shows a strong luxury segment alongside a smaller inventory of entry-level homes. While only 10 homes went under contract for less than $250,000, a notable 44 homes were listed at over $1 million. Within that luxury tier, 21 were over $2 million, and 6 exceeded the $3 million mark.

Market Health Indicators:

• Distressed Properties: Remain incredibly rare (only 2 bank-owned foreclosures/short sales reported).
• New Construction: Accounted for approximately 5% of the week’s single-family contracts.

Island Living

Charleston's surrounding islands saw strong activity with 47 single-family homes going under contract.

• Johns Island: 15 contracts (Median: $675,000)
• James Island: 11 contracts (Median: $679,000)
• Edisto Island: 5 contracts (Range: $899k – $1.45M)
• Ultra-Luxury (Kiawah & Isle of Palms): 4 contracts each, with top sales reaching $5.2M and $4.3M respectively.

Area Spotlights

Here is how the rest of the Lowcountry shaped up last week:

• Mount Pleasant: A powerhouse in the luxury market; 30 homes went under contract with a median list price of $1.1M ($464/sqft). More than half (18) were listed at over $1 million.
• Peninsula Charleston: The historic downtown market remains highly exclusive. 8 homes went under contract with a median price of $966,000 ($613/sqft).
• West Ashley: Offering a middle ground in price; 34 homes went under contract with a median list price of $535,000 ($325/sqft).
• North Charleston: Remaining one of the more accessible areas; 25 homes went contingent with a median price of $344,000 ($250/sqft).
• Summerville & Ladson: 42 homes under contract with a median price of $383,000 ($205/sqft).
• Hanahan, Goose Creek & Moncks Corner: This area saw the highest volume of any specific sub-market, with 58 homes going under contract (Median: $384,000). 11 of these were in the Cane Bay community.

Condos and Townhomes

For those looking for lower-maintenance living, 76 condos and townhomes went under contract. This segment provided a wide variety of options:

• Affordable: 24 units listed under $300,000.
• Luxury: 8 units priced between $1 million and $4.8 million.

Stay Updated: Check back with CharlestonHome.com next week for more updates on our local real estate market trends!

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