The median sale price of a home sold in 2019 in Cedar Springs rose by $32,750 while total sales decreased by 10%, according to BlockShopper.com.
From January through December of 2019, there were nine homes sold, with a median sale price of $317,500 – a 11.5% increase over the $284,750 median sale price for the previous year. There were 10 homes sold in Cedar Springs in 2018.
The median sales tax in Cedar Springs for 2019 was $1,093. In 2018, the median sales tax was $989. This marks an increase of 10.6%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 0.3%.
The following table compares Cedar Springs to other Charleston County cities with similar median sales prices in 2019:
| City | Jan. – Dec. 2019 Home Sales | Jan. – Dec. 2018 Home Sales | % change (Total Home Sales) | Jan. – Dec. 2019 Median Sales Price | Jan. – Dec. 2018 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Seabrook Island | 238 | 167 | 42.5% | $384,000 | $408,000 | -5.9% |
| Meggett | 29 | 12 | 141.7% | $365,000 | $553,750 | -34.1% |
| Hollywood | 95 | 80 | 18.8% | $340,000 | $307,500 | 10.6% |
| James Island | 199 | 184 | 8.2% | $322,000 | $306,750 | 5% |
| Ravenel | 22 | 26 | -15.4% | $319,000 | $167,000 | 91% |
| Cedar Springs | 9 | 10 | -10% | $317,500 | $284,750 | 11.5% |
| Secessionville Acres | 7 | 7 | 0% | $312,000 | $345,100 | -9.6% |
| Charleston | 3,134 | 2,387 | 31.3% | $309,950 | $297,500 | 4.2% |
| Forest Lakes | 6 | 2 | 200% | $306,250 | $347,450 | -11.9% |
| Plantation Estates | 5 | 5 | 0% | $290,000 | $229,000 | 26.6% |
| Drayton | 6 | 14 | -57.1% | $283,000 | $262,500 | 7.8% |
