Riverland Terrace currently tilts toward sellers, with the market gauge at 27 even as conditions look more balanced than in past years. A rolling three-month median sale price around $910,000 is up nearly 30% from a year ago, yet the typical home value here still sits above the broader Charleston median of about $640,000.
Inventory and pace help explain this mixed signal. Months of supply in the latest rolling three-month period is 5.6, higher than Charleston’s roughly 4 months and well above the ultra-tight levels seen in 2023, while active listings are slightly above last year.
Demand, however, has not disappeared. Homes sold in the recent three-month window are up about 65% year over year, yet the median days on market has stretched to roughly 72 days and the average sale-to-list ratio has slipped to just under 94%, reflecting buyers exercising more caution and negotiation power.
Pricing dynamics show sellers needing to be more strategic. The share of homes selling above list has dropped to zero in the latest period, compared with some past stretches where a notable share closed over asking, and new listings are down sharply from a year ago, which may keep supply from loosening too much.
Whether you are a buyer navigating these changing conditions or a seller trying to price correctly, Agent Pronto can connect you with a local agent who understands the Riverland Terrace market.
