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Palmetto State News

Sunday, September 22, 2024

2020: Home prices in Riverland Terrace increased

Realestate1

The median sale price of a home sold in 2020 in Riverland Terrace rose by $20,000 while total sales decreased by 38.1%, according to BlockShopper.com.

From January through December of 2020, there were 13 homes sold, with a median sale price of $410,000 - a 5.1% increase over the $390,000 median sale price for the previous year. There were 21 homes sold in Riverland Terrace in 2019.

The median sales tax in Riverland Terrace for the most recent year with available data, 2019, was $1,935, approximately 0.5% of the median home sale price for 2020.

The following table compares Riverland Terrace to other Charleston County cities with similar median sale prices in 2020:

CityJan. - Dec. 2020 Home SalesJan. - Dec. 2019 Home Sales% change (Total Home Sales)Jan. - Dec. 2020 Median Sales PriceJan. - Dec. 2019 Median Sales Price% change (Median Sales Price)
Meggett1729-41.4%$490,000$365,00034.2%
Edisto Island3137-16.2%$447,000$399,00012%
Mount Pleasant2,1212,213-4.2%$435,000$427,0001.9%
Whitehall Terrace8714.3%$423,500$449,000-5.7%
Seabrook Island2542396.3%$415,153$385,0007.8%
Riverland Terrace1321-38.1%$410,000$390,0005.1%
Hollywood5195-46.3%$399,000$340,00017.4%
Ashley Forest1622-27.3%$391,250$387,5001%
Ravenel1922-13.6%$386,000$319,00021%
Secessionville Acres9812.5%$380,500$306,00024.3%
Capri Isles171513.3%$380,000$247,50053.5%

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