South Carolina started 2024 with a total of 12,186 single-family homes on the market, with a median home price of $374,900 and an average price per square foot of $240.13. By the end of the year, inventory had increased to 15,977 homes on the market (+31%), with a median home price of $375,000 (+0%), and an average price per square foot of $243 (+1%).
At the start of 2024, the median days on market (DOM) was 63 days – by the end of the year, median DOM had increased to 70 days.
South Carolina started the year with 34.76% 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 38.25% of homes for sale had taken a price cut.
