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Thursday, November 14, 2024

Summerville home prices rise in October 2018

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The median sale price of a home sold in October 2018 in Summerville rose by $56,000 while total sales decreased by 28.6%, according to BlockShopper.com.

In October 2018, there were five homes sold, with a median sale price of $209,500 - a 36.5% increase over the $153,500 median sale price for the same period of the previous year. There were seven homes sold in Summerville in October 2017.

The median sales tax in Summerville for the most recent year with available data, 2015, was $862, approximately 0.4% of the median home sale price for October 2018.

The following table compares Summerville to other Charleston County cities with similar median sales prices in October 2018:

CityOct. 2018 Home SalesOct. 2017 Home Sales% change (Total Home Sales)Oct. 2018 Median Sales PriceOct. 2017 Median Sales Price% change (Median Sales Price)
James Island15966.7%$280,000$410,000-31.7%
Edisto Island4333.3%$257,950$920,000-72%
Laurel Park10-$236,000$0-
Meggett110%$221,000$900,000-75.4%
Drayton20-$212,500$0-
Summerville57-28.6%$209,500$153,50036.5%
Ponderosa110%$197,000$40,000392.5%
North Charleston60583.4%$135,250$138,900-2.6%
Ladson21100%$100,000$100,0000%
Adams Run10-$75,000$0-
Wildwood21100%$65,000$115,000-43.5%

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