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Monday, November 25, 2024

North Charleston home prices rise in the first half of 2017

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The median sale price of a home sold in the first half of 2017 in North Charleston rose by $7,500 while total sales decreased by 19.9%, according to BlockShopper.com.

From January through June of 2017, there were 496 homes sold, with a median sale price of $125,000 - a 6.4% increase over the $117,500 median sale price for the same period of the previous year. There were 619 homes sold in North Charleston in the first half 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 half of 2017.

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

CityJan. - June 2017 Home SalesJan. - June 2016 Home Sales% change (Total Home Sales)Jan. - June 2017 Median Sales PriceJan. - June 2016 Median Sales Price% change (Median Sales Price)
Church Creek36-50%$190,000$205,850-7.7%
Summerville3040-25%$187,250$179,2004.5%
Castlewood24-50%$180,000$109,00065.1%
Melrose35-40%$165,000$200,000-17.5%
Lincolnville110%$158,000$408,900-61.4%
Pierpont101900%$147,000$183,000-19.7%
Ravenel813-38.5%$142,000$110,00029.1%
Ponderosa11922.2%$132,000$200,000-34%
North Charleston496619-19.9%$125,000$117,5006.4%
Ladson2437-35.1%$109,500$98,00011.7%
Adams Run1327-51.9%$80,000$85,000-5.9%

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