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Monday, September 23, 2024

Summerville home prices rise in the first quarter of 2020

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The median sale price of a home sold in the first quarter of 2020 in Summerville rose by $33,000 while total sales decreased by 44.4%, according to BlockShopper.com.

From January through March of 2020, there were 15 homes sold, with a median sale price of $228,000 - a 16.9% increase over the $195,000 median sale price for the same period of the previous year. There were 27 homes sold in Summerville in the first quarter of 2019.

The median sales tax in Summerville for the most recent year with available data, 2019, was $952, approximately 0.4% of the median home sale price for the first quarter of 2020.

The following table compares Summerville to other Charleston County cities with similar median sales prices in the first quarter of 2020:

CityJan. - Mar. 2020 Home SalesJan. - Mar. 2019 Home Sales% change (Total Home Sales)Jan. - Mar. 2020 Median Sales PriceJan. - Mar. 2019 Median Sales Price% change (Median Sales Price)
Adams Run510-50%$267,000$210,00027.1%
North Pine Point24-50%$263,000$210,00025.2%
Landsdowne16-83.3%$258,000$260,000-0.8%
Drayton50-$253,000$0-
Fenwick Hills46-33.3%$250,200$205,20021.9%
Summerville1527-44.4%$228,000$195,00016.9%
Long Branch Estates25-60%$224,000$288,000-22.2%
Pierpont5425%$223,000$190,00017.4%
Green Acres3250%$214,900$150,00043.3%
Ponderosa57-28.6%$210,000$167,00025.7%
Church Creek10-$160,000$0-

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