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Sunday, November 24, 2024

Summerville home prices rise in the third quarter of 2017

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The median sale price of a home sold in the third quarter of 2017 in Summerville rose by $31,450 while total sales decreased by 33.3%, according to BlockShopper.com.

From July through September of 2017, there were 20 homes sold, with a median sale price of $193,950 - a 19.4% increase over the $162,500 median sale price for the same period of the previous year. There were 30 homes sold in Summerville in the third quarter of 2016.

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 third quarter of 2017.

The following table compares Summerville to other Charleston County cities with similar median sales prices in the third quarter of 2017:

CityJuly - Sept. 2017 Home SalesJuly - Sept. 2016 Home Sales% change (Total Home Sales)July - Sept. 2017 Median Sales PriceJuly - Sept. 2016 Median Sales Price% change (Median Sales Price)
Church Creek34-25%$230,000$233,250-1.4%
Capri Isles24-50%$229,750.50$286,500-19.8%
Drayton3250%$220,000$236,750-7.1%
Ponderosa39-66.7%$213,000$200,0006.5%
Melrose220%$207,500$187,50010.7%
Summerville2030-33.3%$193,950$162,50019.4%
Plantation Estates21100%$180,000$107,00068.2%
Pierpont34-25%$163,057$165,250-1.3%
Adams Run57-28.6%$140,000$72,97591.8%
North Charleston257337-23.7%$135,000$118,12314.3%
Ladson923-60.9%$94,750$97,000-2.3%

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