Orange Grove Estates is showing some notable month-to-month movement in this rolling three-month view, with the typical home value jumping to about $534,000, up sharply from earlier in the year, while the median list price has ticked down slightly to around $503,000. Active listings have dropped by nearly two-fifths compared with the prior three-month period, and homes are spending far less time on the market than they were a few months ago. At the same time, inventory still totals 11 active listings, and months of supply has eased back to 6.4.
Compared with a year ago, prices in Orange Grove Estates are down modestly, with the typical home value off by nearly 9 percent and the median list price edging lower as well. Sales activity has cooled, as homes sold and pending sales are each down by close to 40 percent year over year. Inventory has also thinned significantly from last year.
This neighborhood currently sits in seller’s market territory, yet conditions differ from the broader Charleston market, where prices are higher overall and months of supply is closer to four. In Orange Grove Estates, no homes in the recent period sold above list price, and the average sale-to-list ratio is just over 95 percent, signaling buyers have some room to negotiate. With new listings down more than half from a year ago but several opportunities still available, both buyers and sellers can benefit from Agent Pronto’s help in finding a local agent who understands these shifting dynamics.
