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Friday, November 15, 2024

Charleston home prices rise in the second half of 2017

Realestate4

The median sale price of a home sold in the second half of 2017 in Charleston rose by $15,000 while total sales decreased by 41.4%, according to BlockShopper.com.

From July through December of 2017, there were 955 homes sold, with a median sale price of $280,000 - a 5.7% increase over the $265,000 median sale price for the same period of the previous year. There were 1,630 homes sold in Charleston in the second half 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 second half of 2017.

The following table compares Charleston to other Charleston County cities with similar median sales prices in the second half of 2017:

CityJuly - Dec. 2017 Home SalesJuly - Dec. 2016 Home Sales% change (Total Home Sales)July - Dec. 2017 Median Sales PriceJuly - Dec. 2016 Median Sales Price% change (Median Sales Price)
Riverland Terrace712-41.7%$355,000$350,0001.4%
McClellanville918-50%$307,000$266,710.5015.1%
Awendaw49-55.6%$292,500$350,000-16.4%
Landsdowne550%$289,000$259,90011.2%
James Island65116-44%$289,000$265,0009.1%
Charleston9551,630-41.4%$280,000$265,0005.7%
Laurel Park48-50%$277,500$322,250-13.9%
Whitehall Terrace25-60%$272,050$337,000-19.3%
Drayton67-14.3%$261,750$237,00010.4%
Secessionville Acres45-20%$260,450$245,0006.3%
Hollywood2125-16%$260,000$265,000-1.9%

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