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Friday, November 15, 2024

Summerville home prices rise in February 2018

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The median sale price of a home sold in February 2018 in Summerville rose by $25,000 while total sales decreased by 40%, according to BlockShopper.com.

In February 2018, there were three homes sold, with a median sale price of $195,000 - a 14.7% increase over the $170,000 median sale price for the same period of the previous year. There were five homes sold in Summerville in February 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 February 2018.

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

CityFeb. 2018 Home SalesFeb. 2017 Home Sales% change (Total Home Sales)Feb. 2018 Median Sales PriceFeb. 2017 Median Sales Price% change (Median Sales Price)
Charleston135162-16.7%$275,000$263,7504.3%
McClellanville3250%$262,500$121,000116.9%
James Island1520-25%$260,000$235,50010.4%
Adams Run220%$245,000$118,500106.8%
Drayton21100%$241,000$255,000-5.5%
Summerville35-40%$195,000$170,00014.7%
Landsdowne10-$195,000$0-
Church Creek10-$190,000$0-
Whitehall Terrace10-$170,170$0-
Ponderosa10-$135,000$0-
North Charleston4563-28.6%$127,000$111,00014.4%

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