Charlotte housing market: Everything you need to know
Charlotte homebuyers and sellers both have reason to be hopeful.
The North Augusta housing market isn’t that competitive. The median home sales price in January 2025 has decreased in the past 3 months to $305,000. That’s up 2.8% and $8,300 higher than January 2024 of last year. That is higher than the South Carolina state median home sales price of $377,600. Homes typically sell after 61 days on market, which is faster than the state average and higher than 45 days in January 2024 a year prior.
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The median home price in North Augusta was $305,000 in January 2025, up 2.8% from last year.
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The real estate market in North Augusta had 81 homes for sale in January and is down from 85 homes for sale the month prior and down from 105 homes in January 2024.
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There were 29 homes sold in January 2025, trending down from 37 homes sold a year ago.
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Homes in North Augusta are staying on the market for 61 days. That’s 16 days slower than the median in January 2024, which means that the market is less competitive today.
It is considered a seller’s market right now. Housing inventory is down since last year, which means supply is more constrained. Mortgage rates are 6.9%, making the average house payment $2,064, which is $11 higher than a year before.
Total months of housing supply available for sale is 2.8 months, down 9.7% from 3.1 month(s) in January 2024.
The Months of Supply housing metric is an estimate of how long it would take to sell all the homes for sale relative to the number of homes sold each month. Historically, 5 to 6 months is the average. You may also hear this metric referred to as the "absorption rate."
Lower months of housing supply typically signal a seller’s market whereas when months of supply is greater than 6 months typically signal a buyer’s market.
Sales to Listing Ratios are an indicator of supply and demand. It is all the completed sales in the past month divided by the total number of active listings.
In a balanced real estate market, the total number of home sales to active listings ratio is between 0.12 and 0.2 while markets with a ratio higher than 0.2 favors seller’s, as homes are selling fast and there is limited inventory, while markets below 0.12 favor home buyers because there is a larger supply of homes to purchase.
Home values have increased by 2.8% since last year, and the number of days it takes to sell a home has increased from 47 days in January 2024 to 61 days in January 2025.
The best time to sell your home in North Augusta is in July, when homes sell fastest and for the most money.
Sellers typically pay the commission of both the listing and buyer’s agents, which typically total 5-6% of the home sale price. That’s $18,300 paid in commission to the real estate agents. You’d also need to factor in closing costs, plus other fees and your mortgage payoff amount, to calculate the net proceeds from your home sale.
Homes in North Augusta have a median price of $305,000, which means you’ll need $30,500 for a 10% down payment. Housing costs have increased 2.8% in the past year. When you’re several months out and have your down payment saved, make sure to get pre-approved for a mortgage and find a real estate agent.
Home values are only one part of the home affordability equation. When buying a house in North Augusta, don’t forget to also account for closing costs, which are typically 3-4% of the home cost. In addition to a down payment of $30,500 you should have $12,200 as well as budget for cash reserves, moving expenses and ongoing homeownership costs for home maintenance and repairs or HOA fees.
North Augusta home values are 13.4% more expensive than Fountain Inn and 23.8% cheaper than the state median home value.
The North Augusta real estate market has a median sale price of $305,000, which is 23.8% lower than the state median sale price of $377,600. Compare other markets or nearby cities, as they can vary significantly.
North Augusta, SC | Fountain Inn, SC | South Carolina |
---|---|---|
Median home sale | Median home sale | Median home sale |
$305,000 | $264,000 | $377,600 |
Days on market | Days on market | Days on market |
61 | 65 | 86 |
Monthly house payment | Monthly house payment | Monthly house payment |
$2,064 | $1,801 | $2,527 |
Cost to buy a house | Cost to buy a house | Cost to buy a house |
$42,700 | $36,960 | $52,864 |
Cost to sell a house | Cost to sell a house | Cost to sell a house |
$21,350 | $18,480 | $26,432 |
Navigating the North Augusta housing market can be tricky, but you don’t have to go it alone. When you're ready to learn more, reach out to a local North Augusta real estate agent to get the process started. We recommend interviewing multiple candidates and coming prepared with a list of all your questions.
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