From July through September of 2018, there were four homes sold, with a median sale price of $398,500 - a 551.6% increase over the $61,154 median sale price for the same period of the previous year. There were four homes sold in Ravenel in the third quarter of 2017, as well.
The median sales tax in Ravenel for the most recent year with available data, 2015, was $891, approximately 0.2% of the median home sale price for the third quarter of 2018.
The following table compares Ravenel to other Charleston County cities with similar median sales prices in the third quarter of 2018:
| City | July - Sept. 2018 Home Sales | July - Sept. 2017 Home Sales | % change (Total Home Sales) | July - Sept. 2018 Median Sales Price | July - Sept. 2017 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Kiawah Island | 23 | 31 | -25.8% | $812,000 | $722,500 | 12.4% |
| Folly Beach | 15 | 28 | -46.4% | $665,000 | $544,500 | 22.1% |
| Seabrook Island | 37 | 38 | -2.6% | $643,540 | $442,000 | 45.6% |
| Capri Isles | 3 | 2 | 50% | $509,000 | $229,750.50 | 121.5% |
| Mount Pleasant | 385 | 422 | -8.8% | $431,250 | $419,875 | 2.7% |
| Ravenel | 4 | 4 | 0% | $398,500 | $61,153.50 | 551.6% |
| Whitehall Terrace | 2 | 1 | 100% | $397,450 | $355,000 | 12% |
| Riverland Terrace | 6 | 3 | 100% | $363,500 | $349,900 | 3.9% |
| Laurel Park | 1 | 3 | -66.7% | $344,600 | $280,000 | 23.1% |
| Edisto Island | 7 | 8 | -12.5% | $339,000 | $248,000 | 36.7% |
| Chesterfield | 3 | 1 | 200% | $324,770 | $255,000 | 27.4% |
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