South Carolina Real Estate Market in 2022: Forecasts + Trends

Clever Real Estate


Clever Real Estate

January 1st, 2023
Updated January 1st, 2023


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 (May 2022)

How is the real estate market in South Carolina?
🏠 Average home value: $299,173
📈 0.49% home value increase month over month
💰 Median sale price: $384,700
⏳ 41 days on the market
🔑 Homes on the market: 15,777
📆 1.6 months of housing inventory
🏦 30-year mortgage rate: 5.54000%
💵 Average income: 54864
State of the market: B+
Home values in South Carolina continue their downward trend, but homes are selling faster — going off of the market in as little as a month. However, if inventory continues to increase, this market may cool off.
*Data last updated May 2022

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 11 days slower than the annual average
💰 Homes are selling for $10,047 more than the annual average
💸 Average listing commission: 2.82%
💸 Average buyer's commission: 2.81%

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: 2,069 sq ft
🏡 Myrtle Beach: 1,327 sq ft
🏡 Charleston: 1,240 sq ft
🏠 Spartanburg: 1,875 sq ft

Investing in South Carolina real estate

Best of South Carolina

Each month, we compare locations in South Carolina based on different criteria. This month, we're looking at levels of happiness and ranking the best counties in the state.

Happiest Counties in South Carolina
1. York County
2. Charleston County
3. McCormick County
4. Beaufort County
5. Greenville County

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Worst of South Carolina

Each month, we compare locations in South Carolina based on a different criteria. This month we're looking at levels of happiness data. These are the counties that ranked the worst in the state.

Least Happy Counties in South Carolina
1. Marlboro County
2. Barnwell County
3. Allendale County
4. Bamberg County
5. Dillon County

South Carolina resources

👋 Next Steps: Talk to an expert!

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Frequently asked questions about South Carolina real estate

Yes, South Carolina is a good state to invest in real estate, especially in more populous cities like Charleston and Columbia. While that may be the case, investing requires a lot of preparation, such as planning out your finances and creating a long-term business plan. Read our guide to real estate investing to find out more.

It might not be the best time to buy a house in South Carolina right now. Listing prices and mortgage rates in the state are very high, making it difficult to find a good deal. If you really need to buy, then you should work with a reliable real estate agent to help you find a property that fits your budget.


Clever's analysis of state market trends is based on local data from Zillow,, Redfin, Bankrate, 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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