In July 2018, there were two homes sold, with a median sale price of $398,500 - a 841.9% increase over the $42,307 median sale price for the same period of the previous year. There were three homes sold in Ravenel in July 2017.
The median sales tax in Ravenel for the most recent year with available data, 2015, was $891, approximately 0.2% of the median home sale price for July 2018.
The following table compares Ravenel to other Charleston County cities with similar median sales prices in July 2018:
| City | July 2018 Home Sales | July 2017 Home Sales | % change (Total Home Sales) | July 2018 Median Sales Price | July 2017 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Folly Beach | 7 | 6 | 16.7% | $665,000 | $612,500 | 8.6% |
| Capri Isles | 3 | 0 | - | $509,000 | $0 | - |
| Mount Pleasant | 141 | 165 | -14.5% | $465,000 | $421,571 | 10.3% |
| Secessionville Acres | 1 | 0 | - | $465,000 | $0 | - |
| Seabrook Island | 11 | 15 | -26.7% | $408,000 | $465,000 | -12.3% |
| Ravenel | 2 | 3 | -33.3% | $398,500 | $42,307 | 841.9% |
| North Pine Point | 1 | 0 | - | $390,000 | $0 | - |
| Awendaw | 1 | 1 | 0% | $350,000 | $275,000 | 27.3% |
| James Island | 16 | 11 | 45.5% | $337,500 | $349,000 | -3.3% |
| Hollywood | 2 | 2 | 0% | $328,500 | $239,000 | 37.4% |
| Charleston | 181 | 217 | -16.6% | $300,000 | $310,000 | -3.2% |
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