South Carolina Real Estate Market in 2021: Forecasts + Trends

Clever Real Estate

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Clever Real Estate

October 1st, 2021
Updated October 1st, 2021

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South Carolina real estate trends

Real estate trends in South Carolina | Sellers | Buyers | Investors | The best and worst of South Carolina | South Carolina resources

South Carolina real estate trends (October 2021)

How is the real estate market in South Carolina?
🏠 Average home value: $230,901
📈 1.73% home value increase month over month
💰 Median sale price: $295,000
⏳ 54 days on the market
🔑 Homes on the market: 10,712
📆 0.7 months of housing inventory
🏦 30-year mortgage rate: 2.97%
💵 Average income: 67167
State of the market: B+
Listing prices in South Carolina are rising quickly, however homes are starting to spend longer on the market. Since buyers are now willing to wait for better prices, the market will most likely start to cool off.
*Data last updated October 2021

With white sand beaches and a coastline dotted with islands, it's no wonder South Carolina has a booming tourism industry. In recent years, South Carolina has also become a major destination for retirees, families, and anyone seeking a taste of Southern charm.

Further inland, South Carolina's geography rises to meet the rolling Appalachian Mountains. Major cities range from beach communities like Hilton Head and Myrtle Beach to more urban areas including Charleston, Columbia, and Greenville.

The Palmetto State is known for serving up Southern delicacies like mustard-spiked barbecue, lowcountry boil, and shrimp and grits. Beyond its food tradition, South Carolina was the first state to host an opera and launched multiple dance crazes.

If you're thinking of buying or selling in South Carolina, these South Carolina housing predictions and stats can help you make an informed decision.

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Selling a home in South Carolina

South Carolina real estate market forecast for sellers
⏰ Homes are selling 14 days faster than the annual average
💰 Homes are selling for $26,736 more than the annual average
💸 Average listing commission: 2.91%
💸 Average buyer's commission: 2.93%

How to sell a home in South Carolina

Cost to sell a home in South Carolina

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Buying a home in South Carolina

How much home you can buy with $300,000 in...
🏠 Columbia: 2,298 sq ft
🏡 Myrtle Beach: 1,485 sq ft
🏡 Charleston: 1,250 sq ft
🏠 Spartanburg: 2,993 sq ft

Investing in South Carolina real estate

Best of South Carolina

Each month, we compare cities in South Carolina based on different criteria. This month, we're looking at affordability and ranking the best cities in the state.

Most Affordable Cities in South Carolina
1. Florence
2. Columbia
3. Sumter
4. Orangeburg
5. Spartanburg

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Worst of South Carolina

Each month, we compare cities in South Carolina based on a different criteria. This month we're looking at affordability data. These are the cities that ranked the worst in the state.

Least Affordable Cities in South Carolina
1. Hilton Head Island-Bluffton
2. Myrtle Beach-Conway-North Myrtle Beach
3. Charleston-North Charleston
4. Seneca
5. Greenville-Anderson

South Carolina resources

👋 Next Steps: Talk to an expert!

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Methodology

Clever's analysis of state market trends is based on local data from Zillow, realtor.com, Redfin, S&P Global, the U.S. Census, and Clever surveys. Our team of over 20 real estate analysts from across the country research local markets and data to compile our "Best" and "Worst" rankings.

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