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Sunday, September 22, 2024

Summerville home prices rise in the fourth quarter of 2018

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The median sale price of a home sold in the fourth quarter of 2018 in Summerville rose by $39,400 while total sales decreased by 31.3%, according to BlockShopper.com.

From October through December of 2018, there were 11 homes sold, with a median sale price of $209,500 - a 23.2% increase over the $170,100 median sale price for the same period of the previous year. There were 16 homes sold in Summerville in the fourth quarter of 2017.

The median sales tax in Summerville for the most recent year with available data, 2015, was $862, approximately 0.4% of the median home sale price for the fourth quarter of 2018.

The following table compares Summerville to other Charleston County cities with similar median sales prices in the fourth quarter of 2018:

CityOct. - Dec. 2018 Home SalesOct. - Dec. 2017 Home Sales% change (Total Home Sales)Oct. - Dec. 2018 Median Sales PriceOct. - Dec. 2017 Median Sales Price% change (Median Sales Price)
Landsdowne23-33.3%$281,250$275,0002.3%
Edisto Island6520%$277,125$920,000-69.9%
Charleston394399-1.3%$270,000$282,000-4.3%
Laurel Park21100%$243,000$275,000-11.6%
Drayton330%$215,000$275,000-21.8%
Summerville1116-31.3%$209,500$170,10023.2%
Ponderosa25-60%$181,850$226,000-19.5%
Ravenel34-25%$155,000$132,50017%
Ladson1013-23.1%$133,500$125,0006.8%
North Charleston1991895.3%$132,000$145,000-9%
Fenwick Hills20-$131,950$0-

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