From January through December of 2017, there were five homes sold, with a median sale price of $165,000 - a 17.5% decrease over the $200,000 median sale price for the previous year. There were seven homes sold in Melrose in 2016.
The median sales tax in Melrose for the most recent year with available data, 2015, was $1,029, approximately 0.6% of the median home sale price for 2017.
The following table compares Melrose to other Charleston County cities with similar median sales prices in 2017:
| City | Jan. - Dec. 2017 Home Sales | Jan. - Dec. 2016 Home Sales | % change (Total Home Sales) | Jan. - Dec. 2017 Median Sales Price | Jan. - Dec. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Church Creek | 7 | 15 | -53.3% | $215,000 | $206,700 | 4% |
| Ponderosa | 19 | 22 | -13.6% | $213,000 | $200,000 | 6.5% |
| Plantation Estates | 14 | 5 | 180% | $207,450 | $184,000 | 12.7% |
| Summerville | 66 | 89 | -25.8% | $185,750 | $174,900 | 6.2% |
| Castlewood | 3 | 5 | -40% | $180,000 | $92,000 | 95.7% |
| Melrose | 5 | 7 | -28.6% | $165,000 | $200,000 | -17.5% |
| Pierpont | 16 | 7 | 128.6% | $164,500 | $183,000 | -10.1% |
| Lincolnville | 3 | 4 | -25% | $158,000 | $142,200 | 11.1% |
| North Charleston | 942 | 1,245 | -24.3% | $132,950 | $120,000 | 10.8% |
| Ravenel | 16 | 23 | -30.4% | $120,000 | $110,000 | 9.1% |
| Ladson | 46 | 68 | -32.4% | $112,500 | $94,500 | 19% |
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