Falling home prices in Seabrook Island in October 2021

Falling home prices in Seabrook Island in October 2021
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The median sale price of a home sold in October 2021 in Seabrook Island fell by $76,000 while total sales decreased by 57.7%, according to BlockShopper.com.

In October 2021, there were 11 homes sold, with a median sale price of $491,000 – a 13.4% decrease over the $567,000 median sale price for the same period of the previous year. There were 26 homes sold in Seabrook Island in October 2020.

The median sales tax in Seabrook Island for the most recent year with available data, 2019, was $3,566, approximately 0.7% of the median home sale price for October 2021.

The following table compares Seabrook Island to other Charleston County cities with similar median sale prices in October 2021:

City Oct. 2021 Home Sales Oct. 2020 Home Sales % change (Total Home Sales) Oct. 2021 Median Sales Price Oct. 2020 Median Sales Price % change (Median Sales Price)
Kiawah Island 7 36 -80.6% $599,000 $594,750 0.7%
Edisto Island 1 5 -80% $536,000 $447,000 19.9%
Folly Beach 4 8 -50% $533,000 $645,000 -17.4%
Mount Pleasant 92 213 -56.8% $522,500 $480,000 8.9%
Riverland Terrace 1 1 0% $505,000 $535,000 -5.6%
Seabrook Island 11 26 -57.7% $491,000 $567,000 -13.4%
Awendaw 1 1 0% $450,000 $334,000 34.7%
Chesterfield 2 3 -33.3% $430,000 $355,000 21.1%
James Island 12 30 -60% $411,000 $351,750 16.8%
Landsdowne 1 1 0% $405,000 $418,000 -3.1%
Cedar Springs 1 1 0% $395,000 $282,000 40.1%


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