From January through December of 2019, there were 309 homes sold, with a median sale price of $680,000 - a 11.7% decrease over the $770,000 median sale price for the previous year. There were 222 homes sold in Isle of Palms in 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 2019:
| City | Jan. - Dec. 2019 Home Sales | Jan. - Dec. 2018 Home Sales | % change (Total Home Sales) | Jan. - Dec. 2019 Median Sales Price | Jan. - Dec. 2018 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Sullivan's Island | 34 | 59 | -42.4% | $1,701,588.50 | $2,050,000 | -17% |
| Isle of Palms | 309 | 222 | 39.2% | $680,000 | $770,000 | -11.7% |
| Kiawah Island | 189 | 155 | 21.9% | $640,000 | $875,000 | -26.9% |
| Folly Beach | 147 | 96 | 53.1% | $579,000 | $634,500 | -8.7% |
| Edgewater Park | 11 | 10 | 10% | $480,000 | $697,500 | -31.2% |
| Whitehall Terrace | 7 | 15 | -53.3% | $449,000 | $300,000 | 49.7% |
| Mount Pleasant | 2,200 | 1,628 | 35.1% | $429,000 | $430,000 | -0.2% |
| McClellanville | 32 | 21 | 52.4% | $405,000 | $261,000 | 55.2% |
| Edisto Island | 37 | 27 | 37% | $399,000 | $298,900 | 33.5% |
| Riverland Terrace | 21 | 14 | 50% | $390,000 | $346,000 | 12.7% |
| Laurel Park | 2 | 6 | -66.7% | $389,000 | $354,800 | 9.6% |
Alerts Sign-up