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Saturday, November 23, 2024

North Charleston home prices rise in the fourth quarter of 2019

Realestate1

The median sale price of a home sold in the fourth quarter of 2019 in North Charleston rose by $34,500 while total sales increased by 17.5%, according to BlockShopper.com.

From October through December of 2019, there were 302 homes sold, with a median sale price of $163,000 - a 26.8% increase over the $128,500 median sale price for the same period of the previous year. There were 257 homes sold in North Charleston in the fourth quarter of 2018.

The median sales tax in North Charleston for 2019 was $821. In 2018, the median sales tax was $826. This marks an decrease of 0.5%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 0.5%.

The following table compares North Charleston 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)
Green Acres15-80%$240,000$314,000-23.6%
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%

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