The median sale price of a home sold in March 2018 in Isle of Palms rose by $112,750 while total sales increased by 17.9%, according to BlockShopper.com.
In March 2018, there were 33 homes sold, with a median sale price of $774,000 – a 17.1% increase over the $661,250 median sale price for the same period of the previous year. There were 28 homes sold in Isle of Palms in March 2017.
The median sales tax in Isle of Palms for the most recent year with available data, 2015, was $5,408, approximately 0.7% of the median home sale price for March 2018.
The following table compares Isle of Palms to other Charleston County cities with similar median sales prices in March 2018:
| City | Mar. 2018 Home Sales | Mar. 2017 Home Sales | % change (Total Home Sales) | Mar. 2018 Median Sales Price | Mar. 2017 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Sullivan’s Island | 8 | 7 | 14.3% | $1,932,500 | $2,110,000 | -8.4% |
| Isle of Palms | 33 | 28 | 17.9% | $774,000 | $661,250 | 17.1% |
| Folly Beach | 5 | 11 | -54.5% | $750,000 | $505,000 | 48.5% |
| Kiawah Island | 16 | 18 | -11.1% | $716,250 | $662,000 | 8.2% |
| Secessionville Acres | 1 | 0 | – | $680,807 | $0 | – |
| Edisto Island | 1 | 1 | 0% | $660,000 | $292,000 | 126% |
| Forest Lakes | 1 | 1 | 0% | $395,000 | $230,000 | 71.7% |
| Mount Pleasant | 176 | 150 | 17.3% | $379,000 | $385,000 | -1.6% |
| Laurel Park | 1 | 1 | 0% | $370,000 | $330,000 | 12.1% |
| Ashley Forest | 1 | 4 | -75% | $370,000 | $446,250 | -17.1% |
| Charleston | 231 | 227 | 1.8% | $280,000 | $278,000 | 0.7% |
