Mount Pleasant home prices rise in the first half of 2018

Mount Pleasant home prices rise in the first half of 2018
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The median sale price of a home sold in the first half of 2018 in Mount Pleasant rose by $20,152 while total sales decreased by 29%, according to BlockShopper.com.

From January through June of 2018, there were 692 homes sold, with a median sale price of $426,721 – a 5% increase over the $406,570 median sale price for the same period of the previous year. There were 974 homes sold in Mount Pleasant in the first half of 2017.

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 the first half of 2018.

The following table compares Mount Pleasant to other Charleston County cities with similar median sales prices in the first half of 2018:

City Jan. – June 2018 Home Sales Jan. – June 2017 Home Sales % change (Total Home Sales) Jan. – June 2018 Median Sales Price Jan. – June 2017 Median Sales Price % change (Median Sales Price)
Edgewater Park 6 2 200% $731,108.50 $319,250 129%
Secessionville Acres 1 4 -75% $680,807 $216,750 214.1%
Folly Beach 35 58 -39.7% $620,000 $607,050 2.1%
Meggett 5 11 -54.5% $557,500 $327,000 70.5%
Edisto Island 9 17 -47.1% $460,000 $349,000 31.8%
Mount Pleasant 692 974 -29% $426,721 $406,569.50 5%
Ashley Forest 5 9 -44.4% $380,000 $435,000 -12.6%
North Pine Point 3 1 200% $377,000 $318,000 18.6%
Laurel Park 3 3 0% $370,000 $275,000 34.5%
Seabrook Island 75 87 -13.8% $360,000 $450,000 -20%
Capri Isles 1 2 -50% $350,000 $267,500 30.8%


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