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Monday, November 25, 2024

Mount Pleasant home prices rise in the first half of 2017

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The median sale price of a home sold in the first half of 2017 in Mount Pleasant rose by $19,070 while total sales decreased by 17.2%, according to BlockShopper.com.

From January through June of 2017, there were 974 homes sold, with a median sale price of $406,570 - a 4.9% increase over the $387,500 median sale price for the same period of the previous year. There were 1,176 homes sold in Mount Pleasant in the first half 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 first half of 2017.

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

CityJan. - June 2017 Home SalesJan. - June 2016 Home Sales% change (Total Home Sales)Jan. - June 2017 Median Sales PriceJan. - June 2016 Median Sales Price% change (Median Sales Price)
Kiawah Island8790-3.3%$805,000$626,25028.5%
Isle of Palms1391390%$675,000$710,000-4.9%
Folly Beach5870-17.1%$607,050$500,00021.4%
Seabrook Island87817.4%$450,000$350,00028.6%
Ashley Forest911-18.2%$435,000$295,00047.5%
Mount Pleasant9741,176-17.2%$406,569.50$387,5004.9%
Edisto Island1719-10.5%$349,000$262,26033.1%
Awendaw440%$335,000$255,00031.4%
Meggett11683.3%$327,000$368,000-11.1%
Edgewater Park21100%$319,250$457,500-30.2%
North Pine Point16-83.3%$318,000$287,50010.6%

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