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Monday, November 25, 2024

Summerville home prices fall in February 2017

Realestate2

The median sale price of a home sold in February 2017 in Summerville fell by $32,250 while total sales decreased by 16.7%, according to BlockShopper.com.

In February 2017, there were five homes sold, with a median sale price of $170,000 - a 15.9% decrease over the $202,250 median sale price for the same period of the previous year. There were six homes sold in Summerville in February 2016.

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 February 2017.

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

CityFeb. 2017 Home SalesFeb. 2016 Home Sales% change (Total Home Sales)Feb. 2017 Median Sales PriceFeb. 2016 Median Sales Price% change (Median Sales Price)
Mount Pleasant1441421.4%$390,000$355,0009.9%
Ashley Forest13-66.7%$320,000$290,97510%
Charleston162207-21.7%$263,750$243,9008.1%
Drayton12-50%$255,000$220,75015.5%
James Island2025-20%$235,500$240,000-1.9%
Summerville56-16.7%$170,000$202,250-15.9%
Melrose110%$165,000$202,800-18.6%
Plantation Estates20-$152,200$0-
Ladson15-80%$143,000$110,00030%
McClellanville23-33.3%$121,000$260,000-53.5%
Adams Run24-50%$118,500$117,6570.7%

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