In December 2019, there were 18 homes sold, with a median sale price of $725,000 - a 6.1% decrease over the $772,500 median sale price for the same period of the previous year. There were eight homes sold in Isle of Palms in December 2018.
The median sales tax in Isle of Palms for 2019 was $6,302. In 2018, the median sales tax was $6,073. This marks an increase of 3.8%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 0.9%.
The following table compares Isle of Palms to other Charleston County cities with similar median sales prices in December 2019:
| City | Dec. 2019 Home Sales | Dec. 2018 Home Sales | % change (Total Home Sales) | Dec. 2019 Median Sales Price | Dec. 2018 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Isle of Palms | 18 | 8 | 125% | $725,000 | $772,500 | -6.1% |
| Kiawah Island | 17 | 11 | 54.5% | $600,000 | $1,000,000 | -40% |
| Folly Beach | 8 | 12 | -33.3% | $594,500 | $600,000 | -0.9% |
| Whitehall Terrace | 1 | 1 | 0% | $504,375 | $375,000 | 34.5% |
| Cedar Springs | 2 | 0 | - | $497,500 | $0 | - |
| McClellanville | 2 | 2 | 0% | $492,500 | $312,500 | 57.6% |
| Secessionville Acres | 1 | 1 | 0% | $489,000 | $500,000 | -2.2% |
| Edisto Island | 5 | 0 | - | $475,000 | $0 | - |
| Mount Pleasant | 129 | 77 | 67.5% | $440,000 | $391,000 | 12.5% |
| Ashley Forest | 3 | 0 | - | $370,000 | $0 | - |
| Riverland Terrace | 1 | 1 | 0% | $357,500 | $275,000 | 30% |
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