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Monday, November 25, 2024

North Charleston home prices rise in the first quarter of 2017

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The median sale price of a home sold in the first quarter of 2017 in North Charleston rose by $17,900 while total sales decreased by 21.4%, according to BlockShopper.com.

From January through March of 2017, there were 217 homes sold, with a median sale price of $126,900 - a 16.4% increase over the $109,000 median sale price for the same period of the previous year. There were 276 homes sold in North Charleston in the first quarter of 2016.

The median sales tax in North Charleston for the most recent year with available data, 2015, was $729, approximately 0.6% of the median home sale price for the first quarter of 2017.

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

CityJan. - Mar. 2017 Home SalesJan. - Mar. 2016 Home Sales% change (Total Home Sales)Jan. - Mar. 2017 Median Sales PriceJan. - Mar. 2016 Median Sales Price% change (Median Sales Price)
Castlewood12-50%$180,000$109,00065.1%
Summerville1621-23.8%$172,500$179,500-3.9%
Melrose31200%$165,000$202,800-18.6%
Long Branch Estates31200%$165,000$290,000-43.1%
Ravenel46-33.3%$160,000$102,816.5055.6%
Plantation Estates40-$142,720$0-
North Charleston217276-21.4%$126,900$109,00016.4%
Pierpont71600%$125,000$183,000-31.7%
Ponderosa72250%$116,000$149,000-22.1%
Ladson1119-42.1%$93,000$110,000-15.5%
Adams Run717-58.8%$86,000$85,0001.2%

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