I want to... 🏠 Sell my home | 🗝️ Buy a home | 🗺️ Find a new place to live in South Carolina
💡 Key South Carolina housing market facts
Data Point | Value | Rank | Compared to National Avg |
Typical Home Value | $297,794[1] | #33 of 50 states | 19.2% lower |
Median Listing Price | $359,000[2] | #34 of 50 states | 19.6% lower |
Median Sale Price | $402,100[3] | #25 of 50 states | 4.8% lower |
30 Year Mortgage Rate | 7.08%[4] | #50 of 50 states | 1.5% higher |
Median Days on Market | 58[5] | #38 of 50 states | 13.6% longer |
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🗺️ Buying a house in the South Carolina real estate market
South Carolina has an affordability score of 7.3, meaning it takes 7.3 years of the median household income ($54,864) to afford South Carolina's median home sale price ($402,100). Because of this, we rank South Carolina as the 16th least affordable state for buyers based strictly on prices compared to income.
Data Point | Value | Rank | Compared to National Avg |
Median Sale Price | $402,100[6] | #25 of 50 states | 4.8% lower |
30 Year Mortgage Rate | 7.08%[7] | #50 of 50 states | 1.5% higher |
Median Household Income | $54,864[8] | #41 of 50 states | 15% lower |
Affordability Ratio | 7.3 | #35 of 50 states | 13.7% higher |
Buyers Agent Commission | 2.61%[9] | #38 of 50 states | 2.8% higher |
Resources for South Carolina home buyers
Preparing to buy in South Carolina
🗺️ Selling a house in the South Carolina real estate market
According to our detailed survey of South Carolina real estate agents, listing agents (those representing the seller) charge an average commission in South Carolina of 2.75%, which is the 23rd lowest in the United States. Buyers' agents charge an average commission of 2.61%, which is the 13th highest in the United States.
Data Point | Value | Rank | Compared to National Avg |
Median Listing Price | $359,000[10] | #34 of 50 states | 19.6% lower |
Median Sale Price | $402,100[11] | #25 of 50 states | 4.8% lower |
Median Days on Market | 58[12] | #38 of 50 states | 13.6% longer |
Buyer's Agent Commission | 2.61%[13] | #38 of 50 states | 2.8% higher |
Listing Agent Commission | 2.75%[14] | #23 of 50 states | 1% higher |
Resources for South Carolina home sellers
Preparing to sell in South Carolina
- 8 Steps to Selling a House in South Carolina
- Average Time to Sell a House in South Carolina
- When Is the Best Time to Sell a House in South Carolina?
- Top Real Estate Agents in South Carolina
South Carolina home selling costs and requirements
Moving to South Carolina
According to our recent moving trends survey[15], South Carolina is the 14th most desirable state to move to, with 12% of Americans indicating that they would choose to move there if money were no object. Likewise, 11% of survey respondents indicated that they would move to Charleston among a choice of America's medium-sized cities, and 10% indicated that they would move to Columbia.
Here's how South Carolina cities rank in a number of our research studies.
Study | Best South Carolina city | Rank |
Best Pizza Cities[16] | No ranking South Carolina cities | No ranking South Carolina cities |
Best Coffee Cities[17] | No ranking South Carolina cities | No ranking South Carolina cities |
Best LGBTQ Cities[18] | No ranking South Carolina cities | No ranking South Carolina cities |
Best Bike Cities[19] | No ranking South Carolina cities | No ranking South Carolina cities |
Best Commuter Cities[20] | No ranking South Carolina cities | No ranking South Carolina cities |