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Monday, November 25, 2024

Summerville home prices fall in May 2017

Realestate1

The median sale price of a home sold in May 2017 in Summerville fell by $44,250 while total sales decreased by 37.5%, according to BlockShopper.com.

In May 2017, there were five homes sold, with a median sale price of $133,000 - a 25% decrease over the $177,250 median sale price for the same period of the previous year. There were eight homes sold in Summerville in May 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 May 2017.

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

CityMay 2017 Home SalesMay 2016 Home Sales% change (Total Home Sales)May 2017 Median Sales PriceMay 2016 Median Sales Price% change (Median Sales Price)
Long Branch Estates10-$252,500$0-
Hollywood63100%$240,000$227,5005.5%
Pierpont30-$239,900$0-
Laurel Park110%$230,000$344,900-33.3%
Plantation Estates20-$212,500$0-
Drayton20-$205,000$0-
Lincolnville10-$158,000$0-
Summerville58-37.5%$133,000$177,250-25%
Ladson68-25%$129,500$81,83758.2%
North Charleston99121-18.2%$118,500$138,000-14.1%
Ravenel24-50%$87,750$113,200-22.5%

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