In February 2020, there were 15 homes sold, with a median sale price of $634,000 - a 3.9% decrease over the $659,750 median sale price for the same period of the previous year. There were 18 homes sold in Isle of Palms in February 2019.
The median sales tax in Isle of Palms for the most recent year with available data, 2019, was $6,302, approximately 1% of the median home sale price for February 2020.
The following table compares Isle of Palms to other Charleston County cities with similar median sales prices in February 2020:
| City | Feb. 2020 Home Sales | Feb. 2019 Home Sales | % change (Total Home Sales) | Feb. 2020 Median Sales Price | Feb. 2019 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Sullivan's Island | 3 | 4 | -25% | $1,208,500 | $2,762,500 | -56.3% |
| Adams Run | 1 | 4 | -75% | $745,000 | $230,650 | 223% |
| Folly Beach | 8 | 18 | -55.6% | $642,500 | $619,000 | 3.8% |
| Isle of Palms | 15 | 18 | -16.7% | $634,000 | $659,750 | -3.9% |
| Ashley Forest | 1 | 2 | -50% | $510,000 | $432,000 | 18.1% |
| Kiawah Island | 3 | 3 | 0% | $482,500 | $1,199,000 | -59.8% |
| Mount Pleasant | 130 | 181 | -28.2% | $415,000 | $385,000 | 7.8% |
| Edisto Island | 1 | 5 | -80% | $400,000 | $390,000 | 2.6% |
| Hollywood | 5 | 12 | -58.3% | $399,900 | $286,500 | 39.6% |
| Ravenel | 3 | 1 | 200% | $386,000 | $112,000 | 244.6% |
| Chesterfield | 1 | 0 | - | $380,000 | $0 | - |
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