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Tuesday, September 24, 2024

Mount Pleasant home prices rise in the first quarter of 2019

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The median sale price of a home sold in the first quarter of 2019 in Mount Pleasant rose by $12,500 while total sales decreased by 26.3%, according to BlockShopper.com.

From January through March of 2019, there were 255 homes sold, with a median sale price of $418,000 - a 3.1% increase over the $405,500 median sale price for the same period of the previous year. There were 346 homes sold in Mount Pleasant in the first quarter of 2018.

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 the first quarter of 2019.

The following table compares Mount Pleasant to other Charleston County cities with similar median sales prices in the first quarter of 2019:

CityJan. - Mar. 2019 Home SalesJan. - Mar. 2018 Home Sales% change (Total Home Sales)Jan. - Mar. 2019 Median Sales PriceJan. - Mar. 2018 Median Sales Price% change (Median Sales Price)
Isle of Palms3656-35.7%$877,500$918,750-4.5%
Kiawah Island1433-57.6%$591,500$875,000-32.4%
Folly Beach15150%$535,000$660,000-18.9%
Edgewater Park31200%$430,000$200,000115%
Edisto Island72250%$423,000$447,500-5.5%
Mount Pleasant255346-26.3%$418,000$405,5003.1%
Ashley Forest3250%$395,000$410,000-3.7%
Plantation Estates10-$395,000$0-
Laurel Park21100%$389,000$370,0005.1%
Ravenel35-40%$375,000$140,000167.9%
Meggett30-$365,000$0-

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