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Thursday, September 26, 2024

North Charleston home prices rise in the first quarter of 2018

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The median sale price of a home sold in the first quarter of 2018 in North Charleston rose by $12,550 while total sales decreased by 12.4%, according to BlockShopper.com.

From January through March of 2018, there were 190 homes sold, with a median sale price of $139,450 - a 9.9% increase over the $126,900 median sale price for the same period of the previous year. There were 217 homes sold in North Charleston in the first quarter of 2017.

The median sales tax in North Charleston for the most recent year with available data, 2015, was $729, approximately 0.5% of the median home sale price for the first quarter of 2018.

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

CityJan. - Mar. 2018 Home SalesJan. - Mar. 2017 Home Sales% change (Total Home Sales)Jan. - Mar. 2018 Median Sales PriceJan. - Mar. 2017 Median Sales Price% change (Median Sales Price)
Edgewater Park10-$200,000$0-
Landsdowne24-50%$197,500$242,500-18.6%
Summerville1416-12.5%$192,500$172,50011.6%
Chesterfield12-50%$190,000$287,500-33.9%
Ravenel5425%$140,000$160,000-12.5%
North Charleston190217-12.4%$139,450$126,9009.9%
Adams Run67-14.3%$128,232$86,00049.1%
Ladson411-63.6%$120,250$93,00029.3%
Long Branch Estates13-66.7%$120,000$165,000-27.3%
Whitehall Terrace20-$112,835$0-
Castlewood110%$103,000$180,000-42.8%

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