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Sunday, September 22, 2024

Charleston home prices rise in July 2019

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The median sale price of a home sold in July 2019 in Charleston rose by $17,500 while total sales decreased by 44.8%, according to BlockShopper.com.

In July 2019, there were 100 homes sold, with a median sale price of $317,500 - a 5.8% increase over the $300,000 median sale price for the same period of the previous year. There were 181 homes sold in Charleston in July 2018.

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 July 2019.

The following table compares Charleston 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)
Mount Pleasant76142-46.5%$459,950$463,175-0.7%
Folly Beach47-42.9%$391,500$665,000-41.1%
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%

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