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Palmetto State News

Tuesday, November 12, 2024

Mount Pleasant home prices fall in February 2019

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The median sale price of a home sold in February 2019 in Mount Pleasant fell by $73,000 while total sales increased by 26%, according to BlockShopper.com.

In February 2019, there were 92 homes sold, with a median sale price of $366,000 - a 16.6% decrease over the $439,000 median sale price for the same period of the previous year. There were 73 homes sold in Mount Pleasant in February 2018.

The median sales tax in Mount Pleasant for the most recent year with available data, 2015, was $1,649, approximately 0.5% of the median home sale price for February 2019.

The following table compares Mount Pleasant to other Charleston County cities with similar median sales prices in February 2019:

CityFeb. 2019 Home SalesFeb. 2018 Home Sales% change (Total Home Sales)Feb. 2019 Median Sales PriceFeb. 2018 Median Sales Price% change (Median Sales Price)
Isle of Palms990%$779,000$930,000-16.2%
Folly Beach7540%$619,000$450,00037.6%
Ashley Forest110%$432,000$450,000-4%
Capri Isles10-$405,000$0-
Laurel Park10-$403,000$0-
Mount Pleasant927326%$366,000$439,000-16.6%
Meggett10-$315,000$0-
Long Branch Estates110%$303,750$120,000153.1%
Charleston110135-18.5%$300,000$275,0009.1%
Riverland Terrace220%$298,500$357,000-16.4%
McClellanville23-33.3%$290,000$262,50010.5%

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