In October 2018, there were two homes sold, with a median sale price of $288,750 - a 117.9% increase over the $132,500 median sale price for the same period of the previous year. There were two homes sold in Ravenel in October 2017, as well.
The median sales tax in Ravenel for the most recent year with available data, 2015, was $891, approximately 0.3% of the median home sale price for October 2018.
The following table compares Ravenel to other Charleston County cities with similar median sales prices in October 2018:
| City | Oct. 2018 Home Sales | Oct. 2017 Home Sales | % change (Total Home Sales) | Oct. 2018 Median Sales Price | Oct. 2017 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Seabrook Island | 10 | 12 | -16.7% | $479,500 | $335,000 | 43.1% |
| Ashley Forest | 3 | 0 | - | $445,000 | $0 | - |
| Mount Pleasant | 90 | 78 | 15.4% | $443,500 | $394,450 | 12.4% |
| McClellanville | 3 | 2 | 50% | $379,900 | $222,500 | 70.7% |
| Melrose | 1 | 0 | - | $375,000 | $0 | - |
| Ravenel | 2 | 2 | 0% | $288,750 | $132,500 | 117.9% |
| Charleston | 139 | 134 | 3.7% | $282,000 | $285,000 | -1.1% |
| Landsdowne | 2 | 1 | 100% | $281,250 | $325,000 | -13.5% |
| James Island | 15 | 9 | 66.7% | $280,000 | $410,000 | -31.7% |
| Edisto Island | 4 | 3 | 33.3% | $257,950 | $920,000 | -72% |
| Laurel Park | 1 | 0 | - | $236,000 | $0 | - |
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