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Friday, September 27, 2024

August 2021: Charleston experienced a 16.3% increase in median home prices

Realestate5

The median sale price of a home sold in August 2021 in Charleston rose by $54,050 while total sales decreased by 55.4%, according to BlockShopper.com.

In August 2021, there were 139 homes sold, with a median sale price of $385,000 - a 16.3% increase over the $330,950 median sale price for the same period of the previous year. There were 312 homes sold in Charleston in August 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 August 2021.

The following table compares Charleston to other Charleston County cities with similar median sale prices in August 2021:

CityAug. 2021 Home SalesAug. 2020 Home Sales% change (Total Home Sales)Aug. 2021 Median Sales PriceAug. 2020 Median Sales Price% change (Median Sales Price)
Green Acres12-50%$510,000$517,500-1.4%
Seabrook Island1441-65.9%$475,000$479,000-0.8%
Landsdowne10-$430,000$0-
James Island931-71%$405,000$372,0008.9%
Cedar Springs10-$395,000$0-
Charleston139312-55.4%$385,000$330,95016.3%
Folly Beach412-66.7%$375,000$707,500-47%
Long Branch Estates10-$340,000$0-
Ponderosa20-$314,775$0-
Church Creek110%$312,000$247,00026.3%
McClellanville13-66.7%$300,000$333,000-9.9%

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