Summerville home prices rise in 2019

Summerville home prices rise in 2019
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The median sale price of a home sold in 2019 in Summerville rose by $9,800 while total sales increased by 62.3%, according to BlockShopper.com.

From January through December of 2019, there were 112 homes sold, with a median sale price of $217,000 – a 4.7% increase over the $207,200 median sale price for the previous year. There were 69 homes sold in Summerville in 2018.

The median sales tax in Summerville for 2019 was $952. In 2018, the median sales tax was $936. This marks an increase of 1.7%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 0.4%.

The following table compares Summerville to other Charleston County cities with similar median sales prices in 2019:

City Jan. – Dec. 2019 Home Sales Jan. – Dec. 2018 Home Sales % change (Total Home Sales) Jan. – Dec. 2019 Median Sales Price Jan. – Dec. 2018 Median Sales Price % change (Median Sales Price)
Long Branch Estates 16 7 128.6% $237,500 $265,000 -10.4%
Church Creek 11 9 22.2% $235,000 $190,000 23.7%
Pierpont 11 4 175% $230,000 $154,000 49.4%
Adams Run 24 25 -4% $218,000 $175,000 24.6%
Melrose 5 6 -16.7% $217,500 $214,950 1.2%
Summerville 112 69 62.3% $217,000 $207,200 4.7%
Fenwick Hills 13 17 -23.5% $205,200 $255,000 -19.5%
Ponderosa 21 13 61.5% $200,000 $175,000 14.3%
North Charleston 1,519 1,002 51.6% $159,695 $140,000 14.1%
Ladson 114 52 119.2% $147,500 $119,450 23.5%
Castlewood 1 2 -50% $137,500 $133,500 3%


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