Charleston home prices fall in October 2019

Charleston home prices fall in October 2019
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The median sale price of a home sold in October 2019 in Charleston fell by $3,000 while total sales decreased by 8.7%, according to BlockShopper.com.

In October 2019, there were 158 homes sold, with a median sale price of $287,000 – a 1% decrease over the $290,000 median sale price for the same period of the previous year. There were 173 homes sold in Charleston in October 2018.

The median sales tax in Charleston for 2019 was $1,635. In 2018, the median sales tax was $1,548. This marks an increase of 5.6%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 0.6%.

The following table compares Charleston to other Charleston County cities with similar median sales prices in October 2019:

City Oct. 2019 Home Sales Oct. 2018 Home Sales % change (Total Home Sales) Oct. 2019 Median Sales Price Oct. 2018 Median Sales Price % change (Median Sales Price)
Hollywood 6 4 50% $382,500 $502,041.50 -23.8%
James Island 10 16 -37.5% $362,500 $288,000 25.9%
Edisto Island 1 4 -75% $327,000 $257,950 26.8%
Awendaw 2 1 100% $305,000 $495,000 -38.4%
Adams Run 4 2 100% $289,000 $162,500 77.8%
Charleston 158 173 -8.7% $287,000 $290,000 -1%
Fenwick Hills 1 1 0% $277,000 $15,000 1746.7%
Ponderosa 1 1 0% $276,000 $197,000 40.1%
Seabrook Island 11 13 -15.4% $256,500 $329,000 -22%
Secessionville Acres 1 0 $254,000 $0
Capri Isles 1 0 $230,000 $0


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