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Sunday, September 22, 2024

Summerville home prices rise in the second quarter of 2020

Realestate3

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Adobe Stock

The median sale price of a home sold in the second quarter of 2020 in Summerville rose by $29,250 while total sales decreased by 38.5%, according to BlockShopper.com.

From April through June of 2020, there were 16 homes sold, with a median sale price of $227,750 - a 14.7% increase over the $198,500 median sale price for the same period of the previous year. There were 26 homes sold in Summerville in the second 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 second quarter of 2020.

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

CityApr. - June 2020 Home SalesApr. - June 2019 Home Sales% change (Total Home Sales)Apr. - June 2020 Median Sales PriceApr. - June 2019 Median Sales Price% change (Median Sales Price)
Cedar Springs220%$266,950$322,250-17.2%
Ponderosa46-33.3%$257,450$245,0005.1%
Awendaw30-$255,000$0-
North Pine Point220%$248,500$273,000-9%
Church Creek46-33.3%$240,000$147,00063.3%
Summerville1626-38.5%$227,750$198,50014.7%
Lincolnville42100%$218,500$138,25058%
Pierpont14-75%$192,000$220,000-12.7%
Melrose21100%$186,000$124,00050%
North Charleston223444-49.8%$185,000$155,00019.4%
Hollywood1124-54.2%$165,000$450,450-63.4%

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