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Sunday, November 24, 2024

Charleston home prices rise in October 2017

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The median sale price of a home sold in October 2017 in Charleston rose by $20,000 while total sales decreased by 32.3%, according to BlockShopper.com.

In October 2017, there were 134 homes sold, with a median sale price of $285,000 - a 7.5% increase over the $265,000 median sale price for the same period of the previous year. There were 198 homes sold in Charleston in October 2016.

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 October 2017.

The following table compares Charleston 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)
James Island914-35.7%$410,000$214,25091.4%
Mount Pleasant78156-50%$394,450$388,5001.5%
Riverland Terrace31200%$355,000$390,000-9%
Seabrook Island12850%$335,000$599,000-44.1%
Landsdowne12-50%$325,000$249,95030%
Charleston134198-32.3%$285,000$265,0007.5%
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%

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