Charleston Residential Market Analysis: Contingent Properties Insights (Week of June 5 – June 11, 2026)
As part of our commitment to providing the most authoritative, experienced, and trustworthy real estate insights in the Lowcountry, www.charlestonhome.com presents a comprehensive analysis of the residential properties that went under contract (contingent) during the week of June 5, 2026, through June 11, 2026. This data-driven review demonstrates our deep industry expertise, providing buyers, sellers, and investors with the high-quality market intelligence necessary to navigate Charleston's unique housing landscape.
Over the past week, 309 residential properties moved into contingent status across the region, underscoring continued liquidity and demand in the market.
Single-Family Homes: High-Level Market Metrics
The vast majority of the weekly activity was concentrated in the single-family home sector, accounting for 247 of the 309 properties placed under contract. The overall baseline metrics for these 247 homes highlight a highly competitive market favoring mid-to-high-tier properties:
Median List Price: $575,000
Median Price Per Square Foot: $285/sqft
Median Cumulative Days on Market (CDOM): 22 days
Median Year Built: 2005
The inventory composition remains heavily weighted toward healthy equity and new supply, rather than distressed inventory. Only 2 out of the 247 single-family homes under contract were bank-owned foreclosures or short sales. Conversely, newly constructed homes accounted for approximately 7% of total single-family activity, indicating that builder inventory remains a crucial relief valve for local demand.
The Luxury Tier (Over $1M) vs. the Affordable Tier (Under $250k)
The polarization of the Charleston market is evident in price extremes. True affordable inventory remains exceptionally scarce, with only 6 single-family homes going under contract at or below the $250,000 threshold. In stark contrast, the luxury segment is thriving: 54 homes listed over $1,000,000 went under contract. Within that luxury tier, 15 were listed at over $2,000,000, and 9 surpassed $3,000,000.
Submarket Breakdown: Regional Variations
Real estate is inherently local. To provide true geographic expertise, we break down contract activity across Charleston’s prominent submarkets, highlighting the significant variance in median prices and per-square-foot valuations.
Island Single-Family Activity
The barrier islands and highly coveted sea islands accounted for 41 single-family properties under contract this past week. The geographical distribution and premium pricing of these island contracts reinforce their status as premier destinations:
James Island: 17 contracts (detailed above)
Johns Island: 13 contracts (detailed above)
Daniel Island: 6 contracts, featuring substantial high-end volume with list prices at $1.25M, $1.3M, $1.35M, $2M, $3.8M, and $3.95M.
Folly Beach: 2 contracts, closing at premium price points of $1.05M and $2.3M.
Wadmalaw Island: 1 contract listed at $1.1M.
Kiawah Island: 1 ultra-luxury contract listed at $2.3M.
Edisto Island: 1 contract listed at $900k.
Condo and Townhome Market Overview
Providing a balanced perspective on the total residential eco-system, the attached and multi-family sector saw 55 condos and townhomes move to contingent status during the week. This segment serves as a primary entry point for both entry-level buyers and low-maintenance luxury seekers. The breakdown of list prices for these 55 properties is distributed as follows:
Under $200k: 2 properties
$200k to $299k: 19 properties
$300k to $499k: 23 properties
$500k to $999k: 9 properties
$1.4M to $1.8M: 2 high-end luxury properties
Notably, 8 of these 55 attached properties under contract were new construction units, matching the ongoing regional trend of buyers leaning heavily into newly built product to avoid capital expenditures on older inventory.
As experienced real estate professionals who track the Charleston market daily, we view this week's transactional activity as a showcase of a resilient, highly localized market. While headlines often focus on national macroeconomic pressures, local data show that properties priced accurately within their submarkets attract buyers in a median timeline of just over 3 weeks (22 days CDOM).
Buyers looking for relative affordability are successfully targeting North Charleston, Summerville, and the Hanahan/Goose Creek corridors, where median square-foot pricing hovers around or below $250. Conversely, sellers on Peninsula Charleston, Mount Pleasant, and the barrier islands continue to command severe premiums, with the Peninsula maintaining an exceptional median baseline of $731/sqft. Understanding these stark micro-market discrepancies is why working with an established local advisor is paramount to your real estate success.
