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Wednesday, September 25, 2024

Charleston home prices rise in August 2018

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The median sale price of a home sold in August 2018 in Charleston rose by $55,000 while total sales increased by 10.8%, according to BlockShopper.com.

In August 2018, there were 174 homes sold, with a median sale price of $320,000 - a 20.8% increase over the $265,000 median sale price for the same period of the previous year. There were 157 homes sold in Charleston in August 2017.

The median sales tax in Charleston for the most recent year with available data, 2015, was $1,430, approximately 0.4% of the median home sale price for August 2018.

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

CityAug. 2018 Home SalesAug. 2017 Home Sales% change (Total Home Sales)Aug. 2018 Median Sales PriceAug. 2017 Median Sales Price% change (Median Sales Price)
Mount Pleasant14911331.9%$417,000$455,000-8.4%
Whitehall Terrace20-$397,450$0-
Ravenel20-$395,500$0-
Riverland Terrace51400%$347,000$315,00010.2%
Edisto Island13-66.7%$339,000$249,00036.1%
Charleston17415710.8%$320,000$265,00020.8%
Long Branch Estates10-$310,000$0-
Chesterfield110%$301,500$255,00018.2%
James Island131030%$285,000$294,500-3.2%
Drayton110%$285,000$220,00029.5%
Hollywood24-50%$258,500$382,125-32.4%

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