Mount Pleasant home prices rise in February 2017

Mount Pleasant home prices rise in February 2017
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The median sale price of a home sold in February 2017 in Mount Pleasant rose by $35,000 while total sales increased by 1.4%, according to BlockShopper.com.

In February 2017, there were 144 homes sold, with a median sale price of $390,000 – a 9.9% increase over the $355,000 median sale price for the same period of the previous year. There were 142 homes sold in Mount Pleasant in February 2016.

The median sales tax in Mount Pleasant for the most recent year with available data, 2015, was $1,649, approximately 0.4% of the median home sale price for February 2017.

The following table compares Mount Pleasant to other Charleston County cities with similar median sales prices in February 2017:

City Feb. 2017 Home Sales Feb. 2016 Home Sales % change (Total Home Sales) Feb. 2017 Median Sales Price Feb. 2016 Median Sales Price % change (Median Sales Price)
Sullivan’s Island 5 7 -28.6% $1,500,000 $1,200,000 25%
Isle of Palms 20 24 -16.7% $737,500 $649,500 13.5%
Folly Beach 6 10 -40% $687,500 $475,000 44.7%
Kiawah Island 9 12 -25% $650,000 $966,000 -32.7%
Seabrook Island 8 13 -38.5% $420,000 $502,294 -16.4%
Mount Pleasant 144 142 1.4% $390,000 $355,000 9.9%
Ashley Forest 1 3 -66.7% $320,000 $290,975 10%
Charleston 162 207 -21.7% $263,750 $243,900 8.1%
Drayton 1 2 -50% $255,000 $220,750 15.5%
James Island 20 25 -20% $235,500 $240,000 -1.9%
Summerville 5 6 -16.7% $170,000 $202,250 -15.9%


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