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Saturday, November 23, 2024

Lincolnville home prices fall in the second half of 2019

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The median sale price of a home sold in the second half of 2019 in Lincolnville fell by $64,500 while total sales increased by 12.5%, according to BlockShopper.com.

From July through December of 2019, there were nine homes sold, with a median sale price of $125,000 - a 34% decrease over the $189,500 median sale price for the same period of the previous year. There were eight homes sold in Lincolnville in the second half 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 0.6%.

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

CityJuly - Dec. 2019 Home SalesJuly - Dec. 2018 Home Sales% change (Total Home Sales)July - Dec. 2019 Median Sales PriceJuly - Dec. 2018 Median Sales Price% change (Median Sales Price)
Church Creek52150%$238,000$228,7004.1%
Adams Run1314-7.1%$229,100$167,62536.7%
Summerville593378.8%$224,000$209,5006.9%
Ponderosa880%$219,000$170,85028.2%
Melrose440%$217,500$247,450-12.1%
Long Branch Estates105100%$213,750$291,000-26.5%
North Charleston66351828%$163,000$140,25016.2%
Ladson413036.7%$149,990$100,00050%
Castlewood10-$137,500$0-
Lincolnville9812.5%$125,000$189,500-34%
Wildwood13-66.7%$62,000$40,00055%

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