North Charleston home prices rise in the fourth quarter of 2017

North Charleston home prices rise in the fourth quarter of 2017
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The median sale price of a home sold in the fourth quarter of 2017 in North Charleston rose by $23,950 while total sales decreased by 34.6%, according to BlockShopper.com.

From October through December of 2017, there were 189 homes sold, with a median sale price of $145,000 – a 19.8% increase over the $121,050 median sale price for the same period of the previous year. There were 289 homes sold in North Charleston in the fourth quarter of 2016.

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 fourth quarter of 2017.

The following table compares North Charleston to other Charleston County cities with similar median sales prices in the fourth quarter of 2017:

City Oct. – Dec. 2017 Home Sales Oct. – Dec. 2016 Home Sales % change (Total Home Sales) Oct. – Dec. 2017 Median Sales Price Oct. – Dec. 2016 Median Sales Price % change (Median Sales Price)
Adams Run 2 10 -80% $182,350 $118,950 53.3%
Lincolnville 1 0 $176,500 $0
Pierpont 3 2 50% $172,000 $182,450 -5.7%
Summerville 16 19 -15.8% $170,100 $179,900 -5.4%
Long Branch Estates 1 3 -66.7% $165,000 $137,000 20.4%
North Pine Point 1 1 0% $160,000 $370,000 -56.8%
Awendaw 1 2 -50% $154,000 $138,750 11%
North Charleston 189 289 -34.6% $145,000 $121,050 19.8%
Ravenel 4 7 -42.9% $132,500 $200,000 -33.8%
Ladson 13 8 62.5% $125,000 $76,000 64.5%
Wildwood 1 2 -50% $115,000 $44,000 161.4%


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