South Carolina
Housing Market
The landscape of the housing market in South Carolina evolves with shifting home prices and demand. Houzeo’s housing market report tracks constant changes in supply and demand across South Carolina. Our report offers real-time insights to help you make informed decisions.
Overview
Supply
Demand
Buy or Sell
Market Insights
MigrationSouth Carolina Housing Market Overview
As of January 2025, housing prices in South Carolina have grown by 1.7% YoY. This constant growth indicates the strength of the housing market. Currently, the median home price in South Carolina is $377,900. The number of homes sold increased by 5.2% YoY.
You can also check the market competitiveness through the median days on the market. Homes for sale in South Carolina now spend 85 days on the market before going under contract. All these metrics collectively indicate changes in the pace and affordability of South Carolina’s housing market.
What Does it Mean for Home Buyers and Sellers?
You can also check the market competitiveness through the median days on the market. Homes for sale in South Carolina now spend 85 days on the market before going under contract. All these metrics collectively indicate changes in the pace and affordability of South Carolina’s housing market.
What Does it Mean for Home Buyers and Sellers?
- If You're a Buyer: Extended market days boost your negotiation power. Mortgage rates are stable at 6.33%, making it a great time to buy. You can use this buyer-friendly market and find your dream home in Anderson, Columbia, or any city in South Carolina today.
- If You're a Seller: You can still enjoy a profitable sale if you sell before prices decline any further. With South Carolina house prices fluctuating, be prepared to offer concessions to buyers.
South Carolina Housing Supply
The South Carolina housing inventory grew by 6.7% YoY, with 28,627 homes for sale in January 2025. During the same period, newly listed homes declined by 0.97% to 7,216 properties. The market remains balanced, with five months of supply, unchanged from last year. A lower supply favors sellers, while an increase in inventory could benefit buyers looking for houses for sale.
What Does it Mean for Home Buyers and Sellers?
If You're a Buyer: The increasing number of homes for sale gives you an advantage as it will stabilize the house prices in South Carolina. Further, 5 months of supply signals a neutral market. This means you can choose your dream home from various options without much competition. If You're a Seller: You need to act quickly and sell your home before more homes hit the South Carolina real estate market. Rising inventory could lower demand and lead to fewer offers from buyers. To attract buyers, focus on staging and marketing your home.
What Does it Mean for Home Buyers and Sellers?
South Carolina Housing Demand
The percentage of homes selling above the list price is a key indicator of housing demand. When more homes sell for more than the list price, it shows strong buyer competition and high demand. A decline suggests more supply. Tracking this trend helps you gauge market competitiveness.
Almost 11.5% of homes in South Carolina sold above the list price. On the other hand, price drops increased slightly from last year to 26.3%. The 97.5% sale-to-list price suggests fewer bidding wars and more price flexibility for buyers.
What Does it Mean for Home Buyers and Sellers?
If You're a Buyer: The current South Carolina housing market is in your favor, offering better deals. 26.3% of homes with price drops suggest fewer bidding wars and better affordability for South Carolina home buyers. If You're a Seller: Patience is key, as only 11.5% of homes sell above the list price. Expect higher demand and more bidding wars during the summer months. Currently, the South Carolina real estate market favors buyers, with less competition and more room for negotiation.
Almost 11.5% of homes in South Carolina sold above the list price. On the other hand, price drops increased slightly from last year to 26.3%. The 97.5% sale-to-list price suggests fewer bidding wars and more price flexibility for buyers.
What Does it Mean for Home Buyers and Sellers?
Is it a Buyer’s or Seller’s Market in South Carolina?
Strong
Buyer
Buyer
Balanced
Seller
Strong
Seller
Buyer’s Market
Seller’s Market
Buyer: Supply exceeds demand, and homes stay listed on the market for longer, pushing sellers to offer concessions.
Is it a Buyer’s or Seller’s Market in South Carolina?
The housing market in South Carolina leans toward buyers. While home prices rose by 1.7%, inventory also grew by 6.2%. Homes stayed on the market longer, reaching 85 days. A steady five-month supply suggests a buyer’s market.
11.5% of homes are sold above the list price, while price drops have increased. The sale-to-list price ratio declined slightly to 97.5%. Sellers have less control in the South Carolina real estate market, giving buyers more leverage.
South Carolina Housing Market Insights
The housing market in South Carolina is shifting toward buyers, with rising inventory and more days on the market. While home prices increased by 1.7%, supply grew by 6.2%, pushing the average days on market to 85. With a steady five-month supply, buyers have more options and negotiating power, indicating a buyer’s market.
Only 11.5% of homes are closing higher than their asking prices. Meanwhile, price drops have become more common as sellers adjust to slower demand. The sale-to-list price ratio declined slightly to 97.5%, showing that buyers are securing better deals. As a result, the South Carolina real estate market favors buyers, leaving sellers with less control.
Only 11.5% of homes are closing higher than their asking prices. Meanwhile, price drops have become more common as sellers adjust to slower demand. The sale-to-list price ratio declined slightly to 97.5%, showing that buyers are securing better deals. As a result, the South Carolina real estate market favors buyers, leaving sellers with less control.
Nationwide Migration Trends
South Carolina attracted significant inbound migration during the peak moving season of winter 2024-2025. Over 9,000 residents searched for in-state homes from November 24 to January 25. Many new homebuyers arrived in New York, California, and Illinois. Low taxes and affordable housing draw families to South Carolina markets. Cities like Charleston, Columbia, and Fort Mill welcomed the most new residents.
This migration pattern reflects the broader cost of living index trends. The cost of living in South Carolina is 3.5% cheaper than the national average.
This migration pattern reflects the broader cost of living index trends. The cost of living in South Carolina is 3.5% cheaper than the national average.
Frequently Asked Questions
How have home prices changed in South Carolina over the past years?
South Carolina home prices have continued to rise over the past years, driven by high demand and low inventory. The median home price in South Carolina has increased at an average growth rate of 1.7%, with some regions seeing double-digit percentage growth. You can check your home’s fair market value with our free home value estimator.
Are South Carolina home prices dropping?
No, South Carolina home prices aren't dropping. In fact, statewide prices rose 1.7% YoY in January 2025. Markets like Anderson and Goose Creek saw significant gains. Experts forecast continued 4% growth in 2025, though increased houses in South Carolina for sale may moderate prices in overvalued areas.
What is the average home price in South Carolina?
The average cost of a home in South Carolina varies depending on location, size, and market conditions. It typically ranges from $288,100 for condos to $398,900 for single-family homes. For a more accurate estimate, consider Houzeo’s SC housing market overview.
What are the South Carolina housing market predictions in 2025 and beyond?
The housing market in South Carolina is expected to stabilize in 2025, with slower price growth and rising mortgage rates. The inventory of South Carolina houses will increase enough to slow the price growth.
Is now a good time to buy or sell a home in South Carolina?
You must check for the current trends in housing prices and inventory in your city. Sellers can benefit from high demand and rising prices. However, if the mortgage rates are stable and months of supply are more than 6 months, that’s the best time to buy a house in South Carolina.
What is the average cost of living in South Carolina?
The average cost of living in South Carolina is 3.5% lower than the national average. South Carolina real estate offers great value, with lower house prices and reduced property taxes. Buyers can afford larger homes or invest in prime locations like Charleston, Greenville, or Myrtle Beach.
Should I wait for some time before buying a home in South Carolina?
As a buyer, you can get a fair deal with stable prices and a growing inventory of South Carolina houses for sale. If you’re buying a house in South Carolina, first get pre-approval. You will also need to budget for a down payment of at least 10%.
How can I list my home for sale in South Carolina?
You can list your home for sale in South Carolina on the MLS using flat-fee services. To list your home for sale, you must find a Flat Fee MLS listing company in South Carolina that can help you save traditional Realtor fees. You can save at least 3% on listing agent commission with Houzeo.
What is the average mortgage rate for buyers in South Carolina?
The average mortgage rate for South Carolina real estate buyers is 6.6%. When you apply for a mortgage, always check your credit score and current mortgage rates with lenders.
When will the housing market crash in South Carolina?
The housing market in South Carolina is not expected to crash in 2025. Prices remain 80% above pre-covid levels, with sustained growth projected through 2025. South Carolina real estate market experts predict that home prices in South Carolina will increase sustainably this year.
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