North Charleston home prices rise in the first half of 2018

North Charleston home prices rise in the first half of 2018
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The median sale price of a home sold in the first half of 2018 in North Charleston rose by $12,000 while total sales decreased by 20%, according to BlockShopper.com.

From January through June of 2018, there were 397 homes sold, with a median sale price of $137,000 – a 9.6% increase over the $125,000 median sale price for the same period of the previous year. There were 496 homes sold in North Charleston in the first half of 2017.

The median sales tax in North Charleston for the most recent year with available data, 2015, was $729, approximately 0.5% of the median home sale price for the first half of 2018.

The following table compares North Charleston to other Charleston County cities with similar median sales prices in the first half of 2018:

City Jan. – June 2018 Home Sales Jan. – June 2017 Home Sales % change (Total Home Sales) Jan. – June 2018 Median Sales Price Jan. – June 2017 Median Sales Price % change (Median Sales Price)
Summerville 28 30 -6.7% $192,500 $187,250 2.8%
Long Branch Estates 2 6 -66.7% $178,000 $234,000 -23.9%
Church Creek 4 3 33.3% $177,000 $190,000 -6.8%
Melrose 1 3 -66.7% $175,190 $165,000 6.2%
Ravenel 10 8 25% $159,500 $142,000 12.3%
North Charleston 397 496 -20% $137,000 $125,000 9.6%
Castlewood 2 2 0% $133,500 $180,000 -25.8%
Ladson 15 24 -37.5% $131,500 $109,500 20.1%
Fenwick Hills 2 7 -71.4% $130,000 $200,000 -35%
Adams Run 12 13 -7.7% $128,232 $80,000 60.3%
Wildwood 1 0 $95,000 $0


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