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Palmetto State News

Tuesday, September 24, 2024

Sullivan's Island home prices fall in May 2019

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The median sale price of a home sold in May 2019 in Sullivan's Island fell by $136,210 while total sales increased by 150%, according to BlockShopper.com.

In May 2019, there were five homes sold, with a median sale price of $1,706,290 - a 7.4% decrease over the $1,842,500 median sale price for the same period of the previous year. There were two homes sold in Sullivan's Island in May 2018.

The median sales tax in Sullivan's Island for the most recent year with available data, 2015, was $7,193, approximately 0.4% of the median home sale price for May 2019.

The following table compares Sullivan's Island to other Charleston County cities with similar median sales prices in May 2019:

CityMay 2019 Home SalesMay 2018 Home Sales% change (Total Home Sales)May 2019 Median Sales PriceMay 2018 Median Sales Price% change (Median Sales Price)
Sullivan's Island52150%$1,706,290$1,842,500-7.4%
Meggett110%$1,210,000$800,00051.3%
Edisto Island21100%$1,060,000$83,0001177.1%
Kiawah Island197171.4%$950,000$2,050,000-53.7%
Isle of Palms227214.3%$669,750$690,810-3%
Hollywood21100%$592,000$740,000-20%
Ashley Forest20-$588,750$0-
Chesterfield10-$580,000$0-
Folly Beach34-25%$580,000$510,08713.7%
Seabrook Island161323.1%$558,000$340,00064.1%
Mount Pleasant1077346.6%$470,900$430,0009.5%

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