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Palmetto State News

Thursday, November 7, 2024

Summerville home prices fall in October 2017

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The median sale price of a home sold in October 2017 in Summerville fell by $41,500 while total sales increased by 40%, according to BlockShopper.com.

In October 2017, there were seven homes sold, with a median sale price of $153,500 - a 21.3% decrease over the $195,000 median sale price for the same period of the previous year. There were five homes sold in Summerville in October 2016.

The median sales tax in Summerville for the most recent year with available data, 2015, was $862, approximately 0.6% of the median home sale price for October 2017.

The following table compares Summerville to other Charleston County cities with similar median sales prices in October 2017:

CityOct. 2017 Home SalesOct. 2016 Home Sales% change (Total Home Sales)Oct. 2017 Median Sales PriceOct. 2016 Median Sales Price% change (Median Sales Price)
Hollywood3250%$240,000$146,00064.4%
McClellanville220%$222,500$195,00014.1%
Plantation Estates10-$218,000$0-
Pierpont10-$183,000$0-
Long Branch Estates110%$165,000$137,00020.4%
Summerville7540%$153,500$195,000-21.3%
North Charleston5897-40.2%$138,900$119,00016.7%
Ravenel24-50%$132,500$305,000-56.6%
Wildwood10-$115,000$0-
Ladson13-66.7%$100,000$42,601134.7%
Ponderosa10-$40,000$0-

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