The median sale price of a home sold in the third quarter of 2019 in Charleston fell by $4,000 while total sales increased by 12.8%, according to BlockShopper.com.
From July through September of 2019, there were 723 homes sold, with a median sale price of $305,000 – a 1.3% decrease over the $309,000 median sale price for the same period of the previous year. There were 641 homes sold in Charleston in the third quarter of 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 0.5%.
The following table compares Charleston to other Charleston County cities with similar median sales prices in the third quarter of 2019:
| City | July – Sept. 2019 Home Sales | July – Sept. 2018 Home Sales | % change (Total Home Sales) | July – Sept. 2019 Median Sales Price | July – Sept. 2018 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Cedar Springs | 1 | 3 | -66.7% | $340,000 | $289,500 | 17.4% |
| Seabrook Island | 53 | 43 | 23.3% | $325,000 | $615,000 | -47.2% |
| Hollywood | 22 | 20 | 10% | $325,000 | $258,500 | 25.7% |
| James Island | 30 | 43 | -30.2% | $321,250 | $309,750 | 3.7% |
| Plantation Estates | 1 | 1 | 0% | $319,000 | $220,000 | 45% |
| Charleston | 723 | 641 | 12.8% | $305,000 | $309,000 | -1.3% |
| Riverland Terrace | 5 | 6 | -16.7% | $289,500 | $363,500 | -20.4% |
| Landsdowne | 1 | 0 | – | $289,000 | $0 | – |
| North Pine Point | 1 | 2 | -50% | $270,000 | $284,000 | -4.9% |
| Drayton | 5 | 3 | 66.7% | $269,500 | $285,000 | -5.4% |
| Pierpont | 2 | 3 | -33.3% | $268,500 | $155,000 | 73.2% |
