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Wednesday, November 6, 2024

Home prices increased in Charleston during the second quarter of 2021

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The median sale price of a home sold in the second quarter of 2021 in Charleston rose by $72,250 while total sales increased by 7.5%, according to BlockShopper.com.

From April through June of 2021, there were 806 homes sold, with a median sale price of $387,250 - a 22.9% increase over the $315,000 median sale price for the same period of the previous year. There were 750 homes sold in Charleston in the second quarter of 2020.

The median sales tax in Charleston for the most recent year with available data, 2019, was $1,635, approximately 0.4% of the median home sale price for the second quarter of 2021.

The following table compares Charleston to other Charleston County cities with similar median sale prices in the second quarter of 2021:

CityApr. - June 2021 Home SalesApr. - June 2020 Home Sales% change (Total Home Sales)Apr. - June 2021 Median Sales PriceApr. - June 2020 Median Sales Price% change (Median Sales Price)
Riverland Terrace91800%$420,000$550,000-23.6%
Chesterfield50-$410,000$0-
Ashley Forest14-75%$405,000$418,000-3.1%
Hollywood1213-7.7%$404,750$193,900108.7%
James Island5571-22.5%$395,000$335,00017.9%
Charleston8067507.5%$387,250$315,00022.9%
North Pine Point220%$386,000$248,50055.3%
Secessionville Acres21100%$380,000$270,00040.7%
Church Creek14-75%$365,000$240,00052.1%
Fenwick Hills20-$350,000$0-
Awendaw330%$350,000$255,00037.3%

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