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Sunday, September 22, 2024

Summerville home prices fall in July 2019

Realestate4

The median sale price of a home sold in July 2019 in Summerville fell by $8,000 while total sales increased by 20%, according to BlockShopper.com.

In July 2019, there were six homes sold, with a median sale price of $212,000 - a 3.6% decrease over the $220,000 median sale price for the same period of the previous year. There were five homes sold in Summerville in July 2018.

The median sales tax in Summerville for the most recent year with available data, 2015, was $862, approximately 0.4% of the median home sale price for July 2019.

The following table compares Summerville to other Charleston County cities with similar median sales prices in July 2019:

CityJuly 2019 Home SalesJuly 2018 Home Sales% change (Total Home Sales)July 2019 Median Sales PriceJuly 2018 Median Sales Price% change (Median Sales Price)
Adams Run12-50%$355,000$91,250289%
McClellanville10-$345,000$0-
Hollywood12-50%$335,000$328,5002%
Charleston100181-44.8%$317,500$300,0005.8%
James Island416-75%$305,500$337,500-9.5%
Riverland Terrace10-$289,500$0-
Drayton110%$269,500$265,0001.7%
Melrose12-50%$217,500$237,500-8.4%
Summerville6520%$212,000$220,000-3.6%
Ravenel12-50%$184,000$398,500-53.8%
North Charleston5072-30.6%$161,750$152,5006.1%

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