From July through September of 2017, there were two homes sold, with a median sale price of $207,500 - a 10.7% increase over the $187,500 median sale price for the same period of the previous year. There were two homes sold in Melrose in the third quarter of 2016, as well.
The median sales tax in Melrose for the most recent year with available data, 2015, was $1,029, approximately 0.5% of the median home sale price for the third quarter of 2017.
The following table compares Melrose to other Charleston County cities with similar median sales prices in the third quarter of 2017:
| City | July - Sept. 2017 Home Sales | July - Sept. 2016 Home Sales | % change (Total Home Sales) | July - Sept. 2017 Median Sales Price | July - Sept. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Fenwick Hills | 2 | 2 | 0% | $236,000 | $80,000 | 195% |
| Church Creek | 3 | 4 | -25% | $230,000 | $233,250 | -1.4% |
| Capri Isles | 2 | 4 | -50% | $229,750.50 | $286,500 | -19.8% |
| Drayton | 3 | 2 | 50% | $220,000 | $236,750 | -7.1% |
| Ponderosa | 3 | 9 | -66.7% | $213,000 | $200,000 | 6.5% |
| Melrose | 2 | 2 | 0% | $207,500 | $187,500 | 10.7% |
| Summerville | 20 | 30 | -33.3% | $193,950 | $162,500 | 19.4% |
| Plantation Estates | 2 | 1 | 100% | $180,000 | $107,000 | 68.2% |
| Pierpont | 3 | 4 | -25% | $163,057 | $165,250 | -1.3% |
| Adams Run | 5 | 7 | -28.6% | $140,000 | $72,975 | 91.8% |
| North Charleston | 257 | 337 | -23.7% | $135,000 | $118,123 | 14.3% |
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