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Friday, November 15, 2024

Charleston home prices rise in February 2018

Re 12

The median sale price of a home sold in February 2018 in Charleston rose by $11,250 while total sales decreased by 16.7%, according to BlockShopper.com.

In February 2018, there were 135 homes sold, with a median sale price of $275,000 - a 4.3% increase over the $263,750 median sale price for the same period of the previous year. There were 162 homes sold in Charleston in February 2017.

The median sales tax in Charleston for the most recent year with available data, 2015, was $1,430, approximately 0.5% of the median home sale price for February 2018.

The following table compares Charleston 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)
Ashley Forest110%$450,000$320,00040.6%
Mount Pleasant73144-49.3%$439,000$390,00012.6%
Riverland Terrace20-$357,000$0-
Awendaw10-$335,000$0-
Seabrook Island10825%$302,500$420,000-28%
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%

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