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Friday, November 15, 2024

Summerville home prices rise in January 2018

Realestate4

The median sale price of a home sold in January 2018 in Summerville rose by $36,000 while total sales increased by 40%, according to BlockShopper.com.

In January 2018, there were seven homes sold, with a median sale price of $188,000 - a 23.7% increase over the $152,000 median sale price for the same period of the previous year. There were five homes sold in Summerville in January 2017.

The median sales tax in Summerville for the most recent year with available data, 2015, was $862, approximately 0.5% of the median home sale price for January 2018.

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

CityJan. 2018 Home SalesJan. 2017 Home Sales% change (Total Home Sales)Jan. 2018 Median Sales PriceJan. 2017 Median Sales Price% change (Median Sales Price)
James Island1720-15%$281,600$300,443-6.3%
Riverland Terrace12-50%$272,000$266,0002.3%
Edisto Island13-66.7%$235,000$239,362-1.8%
Church Creek10-$230,000$0-
Edgewater Park10-$200,000$0-
Summerville7540%$188,000$152,00023.7%
Awendaw110%$165,000$244,000-32.4%
North Charleston5674-24.3%$132,500$132,2000.2%
Castlewood10-$103,000$0-
Whitehall Terrace10-$55,500$0-
Adams Run10-$50,000$0-

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