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Monday, November 25, 2024

Charleston home prices rise in the first half of 2017

Realestate5

The median sale price of a home sold in the first half of 2017 in Charleston rose by $28,000 while total sales decreased by 17.3%, according to BlockShopper.com.

From January through June of 2017, there were 1,347 homes sold, with a median sale price of $283,000 - a 11% increase over the $255,000 median sale price for the same period of the previous year. There were 1,628 homes sold in Charleston in the first 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 first half of 2017.

The following table compares 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)
Edgewater Park21100%$319,250$457,500-30.2%
North Pine Point16-83.3%$318,000$287,50010.6%
McClellanville1216-25%$303,000$192,50057.4%
Riverland Terrace915-40%$292,000$306,000-4.6%
Chesterfield21100%$287,500$329,000-12.6%
Charleston1,3471,628-17.3%$283,000$255,00011%
James Island128158-19%$278,000$252,50010.1%
Laurel Park38-62.5%$275,000$318,750-13.7%
Capri Isles25-60%$267,500$292,000-8.4%
Hollywood2333-30.3%$259,900$249,0004.4%
Landsdowne5366.7%$245,000$230,0006.5%

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