South Carolina’s real estate market is experiencing a shift toward a more balanced environment, with increasing inventory levels and moderated price growth. Here’s a comprehensive overview:
🏠 Statewide Market Overview
-
Median Home Price: In April 2025, the median home price in South Carolina was $340,000, remaining flat compared to the previous year.
-
Inventory Levels: The number of homes for sale increased by 14.1% year-over-year, totaling 36,688 properties.
-
Median Days on Market: Homes are spending an average of 69 days on the market, up 9.5% from the previous year.
-
Sale-to-List Price Ratio: The sale-to-list price ratio stands at 98.0%, indicating that homes are selling close to their listing prices.
📊 Market Dynamics
-
Homes Sold Above List Price: Approximately 14.0% of homes sold above their list price, a slight decrease from the previous year.
-
Price Drops: The percentage of homes with price drops increased to 27.0%, suggesting sellers are adjusting expectations in response to market conditions.
-
Months of Supply: The market has a 4-month supply of homes, indicating a shift towards a more balanced market between buyers and sellers.
🌆 Regional Highlights
Greenville
-
Inventory Surge: The Greater Greenville area experienced a 44% increase in available homes, providing buyers with more options and negotiating power.
Bluffton
-
Price Adjustment: The median sales price in Bluffton decreased by 4.91% year-over-year to $532,500, indicating a modest market correction.
Myrtle Beach
-
Affordability: Myrtle Beach remains one of the most affordable beach towns in the U.S., with a median home price of $299,000, attracting both retirees and remote workers.
🔮 Market Outlook
The South Carolina housing market is expected to maintain its steady growth trajectory through the remainder of 2025. While home price appreciation is expected to slow down, a major price drop is unlikely. Limited inventory remains a challenge, especially in popular cities like Charleston, Greenville, and Columbia. Affordability continues to be a concern, with many potential buyers waiting for either home prices or mortgage rates to drop before making a purchase.