Charleston Real Estate Market Update: Weekly Activity Breakdown

Weekly Review: February 27 – March 5, 2026

Welcome to your weekly market pulse! The Lowcountry real estate scene remains vibrant as we march into spring. For the week ending March 5, 322 residential properties entered "under contract" status, signaling a robust appetite for Charleston living across all price points.

🏠 The Big Picture: Single-Family Homes

Single-family residences continue to drive the bulk of the market, accounting for 255 of the week’s total contracts.

• Median List Price: $468,000 ($256/sqft)
• Median Days on Market: 29 Days
• Median Year Built: 2002
• Inventory Note: Distressed sales (foreclosures/short sales) remain nearly nonexistent, accounting for less than 1% of the market.

The Luxury Surge

The high-end market is moving with surprising velocity. 50 homes went under contract, listed at over $1M, with 10 of those exceeding the $3M mark. Conversely, the entry-level market remains tight, with only 4 homes listed under $250,000.

🏝️ Island Living & Luxury Hubs

Charleston’s islands and premium zip codes saw a flurry of activity this week, led by James Island and Mount Pleasant.

Notable Island Highlights:

• Daniel Island: 5 homes capped by a $6M luxury estate.
• Resort Momentum: Strong movement in Seabrook (4), Kiawah (2), and Wild Dunes (2).
• Sullivan’s Island: Held steady with zero new contracts this week—likely due to extremely limited inventory.

📈 High-Volume & Accessible Markets

For buyers looking for value and space, the "North and West" corridors were the engines of the market this week.

• Hanahan / Goose Creek / Moncks Corner: The volume leader with 65 contracts. The Cane Bay community remains a primary target for buyers, securing 12 of those spots.
• Summerville / Ladson: Offered the most competitive pricing at $193/sqft. Wescott saw significant interest with 6 contracts.
• West Ashley: A steady performer with 24 contracts and a median price of $495,000.
• North Charleston: 25 contracts, showing a diverse mix including two luxury sales over $1M.

🏢 Condos & Townhomes

The attached-dwelling segment is providing essential variety to the market. 56 units went under contract this week.

• Affordability: 3 units were listed under $200k.
• The Sweet Spot: The majority of buyers (22 units) targeted the $300k–$499k range.
• Luxury Living: 9 units went under contract in the $1.2M–$3M range, proving that the luxury "lock-and-leave" lifestyle is more popular than ever.

Expert Takeaway

"The data from this week shows a 'bifurcated' market. While the $350k–$500k range is the volume driver in the suburbs, the luxury sector ($1M+) is incredibly resilient on the Peninsula and in Mt. Pleasant. If you are a seller in these high-demand areas, your 'Days on Market' are likely shorter than the 29-day average."

Are you curious about how your specific neighborhood performed this week?

Contact David Kent and the Charleston Home Team for a custom valuation or a personalized tour of available inventory.

‍