The median sale price of a home sold in the first half of 2017 in Ravenel rose by $32,000 while total sales decreased by 38.5%, according to BlockShopper.com.
From January through June of 2017, there were eight homes sold, with a median sale price of $142,000 – a 29.1% increase over the $110,000 median sale price for the same period of the previous year. There were 13 homes sold in Ravenel in the first half of 2016.
The median sales tax in Ravenel for the most recent year with available data, 2015, was $891, approximately 0.6% of the median home sale price for the first half of 2017.
The following table compares Ravenel to other Charleston County cities with similar median sales prices in the first half of 2017:
| City | Jan. – June 2017 Home Sales | Jan. – June 2016 Home Sales | % change (Total Home Sales) | Jan. – June 2017 Median Sales Price | Jan. – June 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Church Creek | 3 | 6 | -50% | $190,000 | $205,850 | -7.7% |
| Summerville | 30 | 40 | -25% | $187,250 | $179,200 | 4.5% |
| Castlewood | 2 | 4 | -50% | $180,000 | $109,000 | 65.1% |
| Melrose | 3 | 5 | -40% | $165,000 | $200,000 | -17.5% |
| Lincolnville | 1 | 1 | 0% | $158,000 | $408,900 | -61.4% |
| Pierpont | 10 | 1 | 900% | $147,000 | $183,000 | -19.7% |
| Ravenel | 8 | 13 | -38.5% | $142,000 | $110,000 | 29.1% |
| Ponderosa | 11 | 9 | 22.2% | $132,000 | $200,000 | -34% |
| North Charleston | 496 | 619 | -19.9% | $125,000 | $117,500 | 6.4% |
| Ladson | 24 | 37 | -35.1% | $109,500 | $98,000 | 11.7% |
| Adams Run | 13 | 27 | -51.9% | $80,000 | $85,000 | -5.9% |
