Colleton County is seeing a steady flow of listings and contracts with 230 active listings in May and 40 new homes coming to market. Homes sold rose to 34 for the month, and pending sales reached 37, signaling buyers are still writing offers even as inventory grows. Months of supply has eased to 5.9, reinforcing its position as a buyer’s market compared with South Carolina overall at 4.7 months.
Pricing has adjusted notably in response to these conditions, with the typical home value around $276,670, down more than 20% from a year ago and sharply lower than just a few months back. At the same time, the median list price is about $346,217 and is actually up slightly year over year, showing that asking prices have not fallen as fast as closed-sale prices.
Time on market has expanded dramatically, with the median days on market jumping to 77, far higher than a year earlier, giving buyers more room to compare options and negotiate. Only about 9% of recent sales closed above list price and the average sale-to-list ratio sits near 97%, suggesting sellers are often accepting modest discounts. With local conditions differing from statewide trends and shifting month to month, both buyers and sellers in Colleton County can benefit from Agent Pronto’s help in finding an experienced agent to guide their next move.
