From July through September of 2017, there were 61 homes sold, with a median sale price of $685,000 - a 4.5% decrease over the $717,125 median sale price for the same period of the previous year. There were 56 homes sold in Isle of Palms in the third quarter of 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 the third quarter of 2017.
The following table compares Isle of Palms to other Charleston County cities with similar median sales prices in the third quarter of 2017:
| City | July - Sept. 2017 Home Sales | July - Sept. 2016 Home Sales | % change (Total Home Sales) | July - Sept. 2017 Median Sales Price | July - Sept. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Sullivan's Island | 21 | 20 | 5% | $1,630,000 | $1,193,750 | 36.5% |
| Kiawah Island | 31 | 53 | -41.5% | $722,500 | $740,000 | -2.4% |
| Isle of Palms | 61 | 56 | 8.9% | $685,000 | $717,125 | -4.5% |
| Edgewater Park | 2 | 2 | 0% | $545,000 | $343,000 | 58.9% |
| Folly Beach | 28 | 34 | -17.6% | $544,500 | $527,000 | 3.3% |
| Meggett | 4 | 7 | -42.9% | $520,750 | $400,000 | 30.2% |
| McClellanville | 5 | 13 | -61.5% | $445,000 | $263,421 | 68.9% |
| Seabrook Island | 38 | 37 | 2.7% | $442,000 | $375,000 | 17.9% |
| Mount Pleasant | 422 | 601 | -29.8% | $419,875 | $369,500 | 13.6% |
| Ashley Forest | 3 | 3 | 0% | $395,000 | $343,000 | 15.2% |
| Hollywood | 9 | 16 | -43.8% | $390,000 | $253,750 | 53.7% |
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