South Carolina Real Estate Market Update Summer 2025
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Market Snapshot: Strong Growth Across All Segments in South Carolina
The South Carolina real estate market continues to show remarkable strength, with pending sales up 6.4% overall for the 12-month period ending in July 2025. Here are the key highlights you need to know:
What's Driving the Market in SC
Luxury Market Leading the Way
The $1,000,001+ price range saw an impressive 32.7% increase in pending sales
High-end buyers are actively investing in our market
Properties in the $500K-$750K range are moving quickly at just 44 days on market
Condo Market Surge
Condos experienced the strongest growth with 28.9% more pending sales
Inventory increased 51% year-over-year
Average time to sell: 53 days (up from 41 days last year)
Overall Market Health in South Carolina
Median home price: $275,499 (up 1.9% from last year)
Single-family homes: $286,825 (up 3.2%)
Condos: $203,760 (up 1.4%)
Sweet Spots for Buyers:
Properties under $150K saw 17% fewer sales, indicating limited inventory
Strong activity in the $250K-$350K range with 8% more pending sales
Mid-range properties ($350K-$500K) showing steady 6.4% growth
Days on Market by Price Range:
Fastest selling: $500K-$750K (44 days)
Slowest selling: $1M+ (56 days)
Overall average: 48 days (up from 42 days last year)
Inventory Insights:
Total inventory up 38.5% compared to last year
Current supply represents 3.0 months for single-family homes
Condo supply at 3.3 months
What This Means for You
For Sellers:
Properties are still moving efficiently, averaging 48 days on market.
Sellers are receiving 98.3% of their asking price on average
Higher-priced properties may need more patience but are selling at strong prices
For Buyers:
More inventory available gives you better selection
Competitive market but not as intense as previous years
3-bedroom homes showing strong demand with 7.7% more sales
For Investors:
Luxury market ($1M+) showing exceptional growth potential
Condo market expanding rapidly with good rental demand indicators
Mid-range properties continuing to appreciate steadily
Looking Ahead
The market shows healthy balance with increased inventory providing more options while maintaining solid price appreciation. The strong performance in higher price ranges suggests confidence in our local economy and continued population growth.
This is a transitioning market that favors informed decision-making. Whether you're buying or selling, having the right strategy and timing is more important than ever.
Ready to Make Your Move?
The South Carolina market offers excellent opportunities for both buyers and sellers who understand the current dynamics. Contact Patrick today to discuss how these trends specifically impact your real estate goals.
South Carolina Real Estate Market
Table of Contents
What’s Driving the Real Estate Market in South Carolina
Pricing Trends in South Carolina
Market Timing in South Carolina
What This Means for You
Looking Ahead
Ready to Move?
Top Real Estate Agent in South Carolina
Key Takeaways
Market is Growing Strong - Pending sales up 6.4% with luxury properties ($1M+) leading at 32.7% growth
Premium Properties Hot - Homes in $500K-$750K range selling fastest at just 44 days on market
Condo Boom - Condo sales surged 28.9% with 51% more inventory available
Steady Price Growth - Median home price reached $275,499, up 1.9% year-over-year
Balanced Market - 38.5% more inventory gives buyers better selection while sellers still get 98.3% of asking price
Time to Act - Average 48 days on market means properties move efficiently but buyers have time to decide
South Carolina Real Estate Market
Top Realtor in South Carolina
About Patrick O’Connor
Patrick O'Connor is the founder and leader of The Patrick O'Connor Team at Coldwell Banker, specializing in real estate across the SC Midlands and on Lake Murray. As a top realtor, he has assisted over 1,500 families in buying and selling homes, generating over $500 million in sales volume. Recognized as the #1 Coldwell Banker team in South Carolina, Patrick brings unparalleled expertise in the Midlands of South Carolina real estate market, earning accolades for his dedication and success in the industry.
