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Saturday, November 23, 2024

Lincolnville home prices rise in the fourth quarter of 2019

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The median sale price of a home sold in the fourth quarter of 2019 in Lincolnville rose by $13,000 while total sales increased by 66.7%, according to BlockShopper.com.

From October through December of 2019, there were five homes sold, with a median sale price of $85,000 - a 18.1% increase over the $72,000 median sale price for the same period of the previous year. There were three homes sold in Lincolnville in the fourth quarter of 2018.

The median sales tax in Lincolnville for 2019 was $776. In 2018, the median sales tax was $740. This marks an increase of 4.9%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 0.9%.

The following table compares Lincolnville to other Charleston County cities with similar median sales prices in the fourth quarter of 2019:

CityOct. - Dec. 2019 Home SalesOct. - Dec. 2018 Home Sales% change (Total Home Sales)Oct. - Dec. 2019 Median Sales PriceOct. - Dec. 2018 Median Sales Price% change (Median Sales Price)
Church Creek50-$238,000$0-
Capri Isles34-25%$230,000$595,000-61.3%
Summerville241926.3%$217,750$205,0006.2%
Long Branch Estates72250%$187,500$291,000-35.6%
North Charleston30225717.5%$163,000$128,50026.8%
Meggett35-40%$160,000$614,000-73.9%
Ladson231553.3%$150,500$120,00025.4%
Melrose110%$148,000$375,000-60.5%
Castlewood10-$137,500$0-
Lincolnville5366.7%$85,000$72,00018.1%
Wildwood13-66.7%$62,000$40,00055%

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