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Sunday, September 22, 2024

Charleston home prices fall in the first half of 2020

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The median sale price of a home sold in the first half of 2020 in Charleston fell by $4,500 while total sales decreased by 27.2%, according to BlockShopper.com.

From January through June of 2020, there were 1,340 homes sold, with a median sale price of $310,000 - a 1.4% decrease over the $314,500 median sale price for the same period of the previous year. There were 1,840 homes sold in Charleston in the first half of 2019.

The median sales tax in Charleston for the most recent year with available data, 2019, was $1,635, approximately 0.5% of the median home sale price for the first half of 2020.

The following table compares Charleston to other Charleston County cities with similar median sales prices in the first half of 2020:

CityJan. - June 2020 Home SalesJan. - June 2019 Home Sales% change (Total Home Sales)Jan. - June 2020 Median Sales PriceJan. - June 2019 Median Sales Price% change (Median Sales Price)
Seabrook Island87143-39.2%$375,000$463,000-19%
Castlewood10-$352,500$0-
Awendaw6520%$343,750$155,000121.8%
James Island14313010%$330,000$320,0003.1%
Laurel Park42100%$326,750$389,000-16%
Charleston1,3401,840-27.2%$310,000$314,500-1.4%
Chesterfield24-50%$299,250$420,000-28.8%
McClellanville916-43.8%$279,000$320,000-12.8%
Green Acres4333.3%$274,950$150,00083.3%
Drayton1211100%$274,500$310,000-11.5%
Adams Run131118.2%$270,000$210,00028.6%

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