Mount Pleasant home prices rise in the second half of 2018

Mount Pleasant home prices rise in the second half of 2018
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The median sale price of a home sold in the second half of 2018 in Mount Pleasant rose by $2,000 while total sales decreased by 10.4%, according to BlockShopper.com.

From July through December of 2018, there were 654 homes sold, with a median sale price of $422,000 – a 0.5% increase over the $420,000 median sale price for the same period of the previous year. There were 730 homes sold in Mount Pleasant in the second 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 second half of 2018.

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

City July – Dec. 2018 Home Sales July – Dec. 2017 Home Sales % change (Total Home Sales) July – Dec. 2018 Median Sales Price July – Dec. 2017 Median Sales Price % change (Median Sales Price)
Edgewater Park 3 5 -40% $645,000 $445,000 44.9%
Meggett 5 7 -28.6% $614,000 $527,564 16.4%
Seabrook Island 65 76 -14.5% $517,500 $377,000 37.3%
Capri Isles 5 4 25% $509,000 $234,250 117.3%
Ashley Forest 5 3 66.7% $445,000 $395,000 12.7%
Mount Pleasant 654 730 -10.4% $422,000 $420,000 0.5%
North Pine Point 3 1 200% $390,000 $160,000 143.8%
Whitehall Terrace 4 2 100% $381,500 $272,050 40.2%
Riverland Terrace 8 7 14.3% $363,500 $355,000 2.4%
Hollywood 15 21 -28.6% $342,000 $260,000 31.5%
Ravenel 7 8 -12.5% $332,000 $97,500 240.5%


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