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Palmetto State News

Wednesday, November 6, 2024

Mount Pleasant home prices fall in January 2017

Re 11

The median sale price of a home sold in January 2017 in Mount Pleasant fell by $25,000 while total sales decreased by 8.8%, according to BlockShopper.com.

In January 2017, there were 103 homes sold, with a median sale price of $353,000 - a 6.6% decrease over the $378,000 median sale price for the same period of the previous year. There were 113 homes sold in Mount Pleasant in January 2016.

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 January 2017.

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

CityJan. 2017 Home SalesJan. 2016 Home Sales% change (Total Home Sales)Jan. 2017 Median Sales PriceJan. 2016 Median Sales Price% change (Median Sales Price)
Isle of Palms226266.7%$715,000$607,50017.7%
Folly Beach514-64.3%$507,500$423,40019.9%
Seabrook Island7475%$420,000$398,749.505.3%
Hollywood67-14.3%$374,950$225,00066.6%
Meggett42100%$365,000$366,500-0.4%
Mount Pleasant103113-8.8%$353,000$378,000-6.6%
McClellanville31200%$349,000$774,500-54.9%
Chesterfield10-$335,000$0-
North Pine Point10-$318,000$0-
James Island2026-23.1%$300,443$246,10022.1%
Charleston19015919.5%$283,400$267,0006.1%

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