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Wednesday, November 6, 2024

How did home prices perform in Charleston during the first half of 2021?

Realestate2

The median sale price of a home sold in the first half of 2021 in Charleston rose by $50,000 while total sales increased by 9.6%, according to BlockShopper.com.

From January through June of 2021, there were 1,572 homes sold, with a median sale price of $360,000 - a 16.1% increase over the $310,000 median sale price for the same period of the previous year. There were 1,434 homes sold in Charleston in the first half of 2020.

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 2021.

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

CityJan. - June 2021 Home SalesJan. - June 2020 Home Sales% change (Total Home Sales)Jan. - June 2021 Median Sales PriceJan. - June 2020 Median Sales Price% change (Median Sales Price)
Green Acres14-75%$388,000$274,95041.1%
James Island123149-17.4%$380,000$327,00016.2%
Awendaw46-33.3%$375,000$343,7509.1%
Landsdowne4333.3%$362,500$258,00040.5%
McClellanville15966.7%$360,000$279,00029%
Charleston1,5721,4349.6%$360,000$310,00016.1%
Drayton712-41.7%$356,000$274,50029.7%
Cedar Springs12-50%$342,000$266,95028.1%
Church Creek550%$336,000$235,00043%
Fenwick Hills6450%$330,600$250,20032.1%
Plantation Estates83166.7%$310,000$125,000148%

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