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Sunday, November 24, 2024

Charleston 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 Charleston rose by $10,000 while total sales decreased by 42.9%, according to BlockShopper.com.

From July through September of 2017, there were 556 homes sold, with a median sale price of $275,000 - a 3.8% increase over the $265,000 median sale price for the same period of the previous year. There were 974 homes sold in Charleston in the third quarter of 2016.

The median sales tax in Charleston for the most recent year with available data, 2015, was $1,430, approximately 0.5% of the median home sale price for the third quarter of 2017.

The following table compares Charleston 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)
Riverland Terrace38-62.5%$349,900$402,500-13.1%
Awendaw37-57.1%$310,000$575,000-46.1%
Landsdowne23-33.3%$299,500$305,000-1.8%
James Island3567-47.8%$284,000$275,0003.3%
Laurel Park36-50%$280,000$297,250-5.8%
Charleston556974-42.9%$275,000$265,0003.8%
Forest Lakes40-$270,000$0-
Secessionville Acres440%$260,450$217,00020%
Chesterfield12-50%$255,000$183,87538.7%
Edisto Island8714.3%$248,000$211,00017.5%
Fenwick Hills220%$236,000$80,000195%

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