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Charleston Reporter

Saturday, November 23, 2024

Summerville home prices fall in the third quarter of 2018

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The median sale price of a home sold in the third quarter of 2018 in Summerville fell by $9,450 while total sales decreased by 60%, according to BlockShopper.com.

From July through September of 2018, there were eight homes sold, with a median sale price of $184,500 - a 4.9% decrease over the $193,950 median sale price for the same period of the previous year. There were 20 homes sold in Summerville in the third quarter of 2017.

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 the third quarter of 2018.

The following table compares Summerville to other Charleston County cities with similar median sales prices in the third quarter of 2018:

CityJuly - Sept. 2018 Home SalesJuly - Sept. 2017 Home Sales% change (Total Home Sales)July - Sept. 2018 Median Sales PriceJuly - Sept. 2017 Median Sales Price% change (Median Sales Price)
Fenwick Hills12-50%$242,000$236,0002.5%
Church Creek23-33.3%$228,700$230,000-0.6%
Melrose3250%$224,900$207,5008.4%
McClellanville45-20%$222,000$445,000-50.1%
Plantation Estates12-50%$220,000$180,00022.2%
Summerville820-60%$184,500$193,950-4.9%
Adams Run550%$160,250$140,00014.5%
Pierpont330%$155,000$163,057-4.9%
North Charleston212257-17.5%$154,000$135,00014.1%
Ponderosa5366.7%$140,000$213,000-34.3%
Secessionville Acres34-25%$125,000$260,450-52%

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