Summerville home prices rise in 2017

Summerville home prices rise in 2017
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The median sale price of a home sold in 2017 in Summerville rose by $10,850 while total sales decreased by 25.8%, according to BlockShopper.com.

From January through December of 2017, there were 66 homes sold, with a median sale price of $185,750 – a 6.2% increase over the $174,900 median sale price for the previous year. There were 89 homes sold in Summerville in 2016.

The median sales tax in Summerville for the most recent year with available data, 2015, was $862, approximately 0.5% of the median home sale price for 2017.

The following table compares Summerville to other Charleston County cities with similar median sales prices in 2017:

City Jan. – Dec. 2017 Home Sales Jan. – Dec. 2016 Home Sales % change (Total Home Sales) Jan. – Dec. 2017 Median Sales Price Jan. – Dec. 2016 Median Sales Price % change (Median Sales Price)
Whitehall Terrace 3 7 -57.1% $225,000 $337,000 -33.2%
Long Branch Estates 7 12 -41.7% $223,000 $205,250 8.6%
Church Creek 7 15 -53.3% $215,000 $206,700 4%
Ponderosa 19 22 -13.6% $213,000 $200,000 6.5%
Plantation Estates 14 5 180% $207,450 $184,000 12.7%
Summerville 66 89 -25.8% $185,750 $174,900 6.2%
Castlewood 3 5 -40% $180,000 $92,000 95.7%
Melrose 5 7 -28.6% $165,000 $200,000 -17.5%
Pierpont 16 7 128.6% $164,500 $183,000 -10.1%
Lincolnville 3 4 -25% $158,000 $142,200 11.1%
North Charleston 942 1,245 -24.3% $132,950 $120,000 10.8%


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