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Friday, September 27, 2024

Mount Pleasant home prices rise in November 2017

Re 12

The median sale price of a home sold in November 2017 in Mount Pleasant rose by $11,000 while total sales decreased by 10.8%, according to BlockShopper.com.

In November 2017, there were 124 homes sold, with a median sale price of $426,000 - a 2.7% increase over the $415,000 median sale price for the same period of the previous year. There were 139 homes sold in Mount Pleasant in November 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 November 2017.

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

CityNov. 2017 Home SalesNov. 2016 Home Sales% change (Total Home Sales)Nov. 2017 Median Sales PriceNov. 2016 Median Sales Price% change (Median Sales Price)
Sullivan's Island330%$2,350,000$950,000147.4%
Folly Beach25-60%$1,000,000$424,000135.8%
Kiawah Island915-40%$975,000$1,000,000-2.5%
McClellanville23-33.3%$784,550$277,500182.7%
Isle of Palms1724-29.2%$708,000$517,25036.9%
Mount Pleasant124139-10.8%$426,000$415,0002.7%
Ravenel12-50%$424,000$52,000715.4%
Seabrook Island14955.6%$400,000$240,00066.7%
Meggett110%$320,000$142,000125.4%
Drayton21100%$316,000$215,00047%
James Island1219-36.8%$300,500$260,00015.6%

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