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Thursday, September 26, 2024

Charleston home prices rise in January 2018

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The median sale price of a home sold in January 2018 in Charleston rose by $44,100 while total sales decreased by 23.2%, according to BlockShopper.com.

In January 2018, there were 146 homes sold, with a median sale price of $327,500 - a 15.6% increase over the $283,400 median sale price for the same period of the previous year. There were 190 homes sold in Charleston in January 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 January 2018.

The following table compares Charleston 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)
Kiawah Island11837.5%$875,000$942,500-7.2%
Hollywood16-83.3%$660,000$374,95076%
Folly Beach550%$512,000$507,5000.9%
Seabrook Island8714.3%$432,250$420,0002.9%
Mount Pleasant97103-5.8%$415,000$353,00017.6%
Charleston146190-23.2%$327,500$283,40015.6%
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-

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