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Palmetto State News

Tuesday, September 24, 2024

Summerville home prices fall in February 2019

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The median sale price of a home sold in February 2019 in Summerville fell by $4,332 while total sales increased by 100%, according to BlockShopper.com.

In February 2019, there were six homes sold, with a median sale price of $190,668 - a 2.2% decrease over the $195,000 median sale price for the same period of the previous year. There were three homes sold in Summerville in February 2018.

The median sales tax in Summerville for the most recent year with available data, 2015, was $862, approximately 0.5% of the median home sale price for February 2019.

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

CityFeb. 2019 Home SalesFeb. 2018 Home Sales% change (Total Home Sales)Feb. 2019 Median Sales PriceFeb. 2018 Median Sales Price% change (Median Sales Price)
Lincolnville10-$254,000$0-
James Island915-40%$253,110$260,000-2.7%
Landsdowne110%$245,000$195,00025.6%
Adams Run220%$230,650$245,000-5.9%
Forest Lakes10-$230,000$0-
Summerville63100%$190,668$195,000-2.2%
Ponderosa31200%$167,000$135,00023.7%
North Charleston684551.1%$147,450$127,00016.1%
Wildwood10-$117,000$0-
Ladson12-50%$95,000$120,250-21%
Ravenel110%$84,000$83,3720.8%

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