From April through June of 2019, there were three homes sold, with a median sale price of $175,000 - a 2.2% decrease over the $179,000 median sale price for the same period of the previous year. There were five homes sold in Ravenel in the second quarter of 2018.
The median sales tax in Ravenel for the most recent year with available data, 2015, was $891, approximately 0.5% of the median home sale price for the second quarter of 2019.
The following table compares Ravenel to other Charleston County cities with similar median sales prices in the second quarter of 2019:
| City | Apr. - June 2019 Home Sales | Apr. - June 2018 Home Sales | % change (Total Home Sales) | Apr. - June 2019 Median Sales Price | Apr. - June 2018 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| North Pine Point | 1 | 3 | -66.7% | $273,000 | $377,000 | -27.6% |
| Long Branch Estates | 1 | 1 | 0% | $235,000 | $236,000 | -0.4% |
| Pierpont | 3 | 0 | - | $220,000 | $0 | - |
| Ponderosa | 4 | 2 | 100% | $198,950 | $173,700 | 14.5% |
| Summerville | 7 | 14 | -50% | $197,000 | $193,500 | 1.8% |
| Ravenel | 3 | 5 | -40% | $175,000 | $179,000 | -2.2% |
| North Charleston | 173 | 207 | -16.4% | $160,000 | $135,000 | 18.5% |
| Church Creek | 3 | 2 | 50% | $147,000 | $153,500 | -4.2% |
| Ladson | 12 | 11 | 9.1% | $146,087.50 | $132,000 | 10.7% |
| Melrose | 1 | 1 | 0% | $124,000 | $175,190 | -29.2% |
| Fenwick Hills | 2 | 2 | 0% | $85,555 | $130,000 | -34.2% |
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