In May 2017, there were 26 homes sold, with a median sale price of $650,000 - a 36.4% decrease over the $1,022,500 median sale price for the same period of the previous year. There were 28 homes sold in Isle of Palms in May 2016.
The median sales tax in Isle of Palms for the most recent year with available data, 2015, was $5,408, approximately 0.8% of the median home sale price for May 2017.
The following table compares Isle of Palms to other Charleston County cities with similar median sales prices in May 2017:
| City | May 2017 Home Sales | May 2016 Home Sales | % change (Total Home Sales) | May 2017 Median Sales Price | May 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Sullivan's Island | 9 | 7 | 28.6% | $1,325,000 | $931,000 | 42.3% |
| Kiawah Island | 19 | 25 | -24% | $805,000 | $950,000 | -15.3% |
| Edisto Island | 3 | 3 | 0% | $750,000 | $338,000 | 121.9% |
| Isle of Palms | 26 | 28 | -7.1% | $650,000 | $1,022,500 | -36.4% |
| Folly Beach | 11 | 12 | -8.3% | $568,000 | $532,500 | 6.7% |
| Ashley Forest | 1 | 4 | -75% | $495,000 | $308,500 | 60.5% |
| Mount Pleasant | 207 | 237 | -12.7% | $435,000 | $400,000 | 8.8% |
| Seabrook Island | 23 | 13 | 76.9% | $375,000 | $649,000 | -42.2% |
| Meggett | 4 | 1 | 300% | $321,000 | $90,000 | 256.7% |
| Riverland Terrace | 2 | 1 | 100% | $309,500 | $532,000 | -41.8% |
| Capri Isles | 1 | 1 | 0% | $290,000 | $231,500 | 25.3% |
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