Top Real Estate Agents in South Carolina

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2023 South Carolina Housing Market Summary

South Carolina started 2023 with a total of 12,410 single-family homes on the market, with a median home price of $360,482 and an average price per square foot of $216. By the end of the year, inventory had decreased to 12,271 homes on the market (-1%), with a median home price of $372,000 (+3%) and an average price per square foot of $239 (+10%).

At the start of 2023, the median days on market (DOM) was 77 days – by the end of the year, median DOM had decreased to 63 days.

South Carolina started the year with 38% of homes taking a price cut (for reference, 35% is the national average for price reductions in a ‘normal’ year.) By the end of the year, about 37% of South Carolina homes for sale had taken a price cut.

Finally, Altos’ proprietary Market Action Index (MAI) shows that South Carolina started 2023 as a seller’s market, with an MAI score of 39; by the end of the year, the MAI had dropped to 34 – a balanced buyer and seller’s market.

This market summary is powered by Altos Research – click here to run a free report for your area.

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