In January 2017, there were 22 homes sold, with a median sale price of $715,000 - a 17.7% increase over the $607,500 median sale price for the same period of the previous year. There were six homes sold in Isle of Palms in January 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 January 2017.
The following table compares Isle of Palms to other Charleston County cities with similar median sales prices in January 2017:
| City | Jan. 2017 Home Sales | Jan. 2016 Home Sales | % change (Total Home Sales) | Jan. 2017 Median Sales Price | Jan. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Kiawah Island | 8 | 5 | 60% | $942,500 | $320,000 | 194.5% |
| Isle of Palms | 22 | 6 | 266.7% | $715,000 | $607,500 | 17.7% |
| Folly Beach | 5 | 14 | -64.3% | $507,500 | $423,400 | 19.9% |
| Seabrook Island | 7 | 4 | 75% | $420,000 | $398,749.50 | 5.3% |
| Hollywood | 6 | 7 | -14.3% | $374,950 | $225,000 | 66.6% |
| Meggett | 4 | 2 | 100% | $365,000 | $366,500 | -0.4% |
| Mount Pleasant | 103 | 113 | -8.8% | $353,000 | $378,000 | -6.6% |
| McClellanville | 3 | 1 | 200% | $349,000 | $774,500 | -54.9% |
| Chesterfield | 1 | 0 | - | $335,000 | $0 | - |
| North Pine Point | 1 | 0 | - | $318,000 | $0 | - |
| James Island | 20 | 26 | -23.1% | $300,443 | $246,100 | 22.1% |
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