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Monday, November 25, 2024

Mount Pleasant home prices rise in the second quarter of 2017

Realestate2

The median sale price of a home sold in the second quarter of 2017 in Mount Pleasant rose by $27,000 while total sales decreased by 23.1%, according to BlockShopper.com.

From April through June of 2017, there were 577 homes sold, with a median sale price of $427,000 - a 6.8% increase over the $400,000 median sale price for the same period of the previous year. There were 750 homes sold in Mount Pleasant in the second quarter of 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 the second quarter of 2017.

The following table compares Mount Pleasant to other Charleston County cities with similar median sales prices in the second quarter of 2017:

CityApr. - June 2017 Home SalesApr. - June 2016 Home Sales% change (Total Home Sales)Apr. - June 2017 Median Sales PriceApr. - June 2016 Median Sales Price% change (Median Sales Price)
Isle of Palms6987-20.7%$665,000$725,000-8.3%
Folly Beach3640-10%$644,750$530,00021.7%
Edisto Island13128.3%$545,000$261,130108.7%
Seabrook Island584918.4%$462,500$338,00036.8%
Ashley Forest45-20%$433,000$295,00046.8%
Mount Pleasant577750-23.1%$427,000$400,0006.8%
Landsdowne12-50%$372,500$180,000106.9%
McClellanville59-44.4%$341,000$210,00062.4%
Meggett72250%$327,000$405,000-19.3%
Riverland Terrace550%$325,000$393,700-17.4%
Edgewater Park20-$319,250$0-

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