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Monday, November 25, 2024

Mount Pleasant home prices rise in February 2017

Re 11

The median sale price of a home sold in February 2017 in Mount Pleasant rose by $35,000 while total sales increased by 1.4%, according to BlockShopper.com.

In February 2017, there were 144 homes sold, with a median sale price of $390,000 - a 9.9% increase over the $355,000 median sale price for the same period of the previous year. There were 142 homes sold in Mount Pleasant in February 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 February 2017.

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

CityFeb. 2017 Home SalesFeb. 2016 Home Sales% change (Total Home Sales)Feb. 2017 Median Sales PriceFeb. 2016 Median Sales Price% change (Median Sales Price)
Sullivan's Island57-28.6%$1,500,000$1,200,00025%
Isle of Palms2024-16.7%$737,500$649,50013.5%
Folly Beach610-40%$687,500$475,00044.7%
Kiawah Island912-25%$650,000$966,000-32.7%
Seabrook Island813-38.5%$420,000$502,294-16.4%
Mount Pleasant1441421.4%$390,000$355,0009.9%
Ashley Forest13-66.7%$320,000$290,97510%
Charleston162207-21.7%$263,750$243,9008.1%
Drayton12-50%$255,000$220,75015.5%
James Island2025-20%$235,500$240,000-1.9%
Summerville56-16.7%$170,000$202,250-15.9%

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