From July through September of 2021, there were seven homes sold, with a median sale price of $585,000 - a 51.3% increase over the $386,750 median sale price for the same period of the previous year. There were nine homes sold in Ravenel in the third quarter of 2020.
The median sales tax in Ravenel for the most recent year with available data, 2019, was $1,064, approximately 0.2% of the median home sale price for the third quarter of 2021.
The following table compares Ravenel to other Charleston County cities with similar median sale prices in the third quarter of 2021:
| City | July - Sept. 2021 Home Sales | July - Sept. 2020 Home Sales | % change (Total Home Sales) | July - Sept. 2021 Median Sales Price | July - Sept. 2020 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Isle of Palms | 45 | 115 | -60.9% | $862,000 | $780,000 | 10.5% |
| Kiawah Island | 41 | 101 | -59.4% | $775,000 | $625,000 | 24% |
| Meggett | 7 | 9 | -22.2% | $750,000 | $490,000 | 53.1% |
| Folly Beach | 18 | 48 | -62.5% | $718,000 | $651,500 | 10.2% |
| Ravenel | 7 | 9 | -22.2% | $585,000 | $386,750 | 51.3% |
| Edgewater Park | 1 | 1 | 0% | $580,000 | $595,000 | -2.5% |
| Seabrook Island | 47 | 108 | -56.5% | $577,000 | $396,750 | 45.4% |
| Awendaw | 3 | 1 | 200% | $570,000 | $40,000 | 1325% |
| Sullivan's Island | 2 | 3 | -33.3% | $562,500 | $2,300,000 | -75.5% |
| Mount Pleasant | 453 | 724 | -37.4% | $528,000 | $441,500 | 19.6% |
| Laurel Park | 3 | 3 | 0% | $526,000 | $360,000 | 46.1% |
Alerts Sign-up