From January through December of 2019, there were five homes sold, with a median sale price of $217,500 - a 1.2% increase over the $214,950 median sale price for the previous year. There were six homes sold in Melrose in 2018.
The median sales tax in Melrose for 2019 was $1,201. In 2018, the median sales tax was $1,093. This marks an increase of 9.9%. 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 Melrose to other Charleston County cities with similar median sales prices in 2019:
| City | Jan. - Dec. 2019 Home Sales | Jan. - Dec. 2018 Home Sales | % change (Total Home Sales) | Jan. - Dec. 2019 Median Sales Price | Jan. - Dec. 2018 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Green Acres | 5 | 7 | -28.6% | $240,000 | $365,000 | -34.2% |
| Long Branch Estates | 16 | 7 | 128.6% | $237,500 | $265,000 | -10.4% |
| Church Creek | 11 | 9 | 22.2% | $235,000 | $190,000 | 23.7% |
| Pierpont | 11 | 4 | 175% | $230,000 | $154,000 | 49.4% |
| Adams Run | 24 | 25 | -4% | $218,000 | $175,000 | 24.6% |
| Melrose | 5 | 6 | -16.7% | $217,500 | $214,950 | 1.2% |
| Summerville | 112 | 69 | 62.3% | $217,000 | $207,200 | 4.7% |
| Fenwick Hills | 13 | 17 | -23.5% | $205,200 | $255,000 | -19.5% |
| Ponderosa | 21 | 13 | 61.5% | $200,000 | $175,000 | 14.3% |
| North Charleston | 1,519 | 1,002 | 51.6% | $159,695 | $140,000 | 14.1% |
| Ladson | 114 | 52 | 119.2% | $147,500 | $119,450 | 23.5% |
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