Housing prices in South Carolina continued to climb through October, but they’re no longer climbing as fast as in other parts of the country, according to October data compiled by financial firm Black Knight and Urban Institute.
Real estate tracker Redfin reported that the median sale price of a house in South Carolina was just shy of $372,900 at the end of October – up 3.6% from the year prior and up $89,000 from 2020.
But the Black Knight/Urban Institute data show that price appreciation of homes has fallen off in the South much more so than in the West and Midwest, where housing rose rise more than 8.1% and 7.4%, respectively, between October, 2022, and October, 2023.
Three years ago, the South as a region was the juggernaut of home value appreciation in the United States, but the Black Knight/Urban Institute report finds that as U.S. home prices fell over this past year and a half, the South saw some of the most dramatic drops.
Not all markets are equal, however. In South Carolina, York County saw home prices rise between 15% and 25%, year over year, in October.
