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Thursday, November 28, 2024

Rising home prices in Summerville in the third quarter of 2021

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The median sale price of a home sold in the third quarter of 2021 in Summerville rose by $57,000 while total sales decreased by 40%, according to BlockShopper.com.

From July through September of 2021, there were 18 homes sold, with a median sale price of $275,000 - a 26.1% increase over the $218,000 median sale price for the same period of the previous year. There were 30 homes sold in Summerville in the third quarter of 2020.

The median sales tax in Summerville for the most recent year with available data, 2019, was $952, approximately 0.3% of the median home sale price for the third quarter of 2021.

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

CityJuly - Sept. 2021 Home SalesJuly - Sept. 2020 Home Sales% change (Total Home Sales)July - Sept. 2021 Median Sales PriceJuly - Sept. 2020 Median Sales Price% change (Median Sales Price)
Long Branch Estates25-60%$330,000$259,00027.4%
Church Creek220%$319,250$259,50023%
Plantation Estates63100%$312,500$240,00030.2%
McClellanville58-37.5%$300,000$324,000-7.4%
Chesterfield3250%$300,000$445,500-32.7%
Summerville1830-40%$275,000$218,00026.1%
North Charleston254369-31.2%$225,000$190,00018.4%
Ladson261936.8%$217,500$150,50044.5%
Ponderosa6450%$211,500$165,50027.8%
Adams Run8633.3%$204,250$193,0005.8%
Lincolnville20-$145,500$0-

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