In October 2020, there were 32 homes sold, with a median sale price of $825,000 - a 36.8% increase over the $603,000 median sale price for the same period of the previous year. There were 11 homes sold in Isle of Palms in October 2019.
The median sales tax in Isle of Palms for the most recent year with available data, 2019, was $6,302, approximately 0.8% of the median home sale price for October 2020.
The following table compares Isle of Palms to other Charleston County cities with similar median sales prices in October 2020:
| City | Oct. 2020 Home Sales | Oct. 2019 Home Sales | % change (Total Home Sales) | Oct. 2020 Median Sales Price | Oct. 2019 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Isle of Palms | 32 | 11 | 190.9% | $825,000 | $603,000 | 36.8% |
| Folly Beach | 7 | 14 | -50% | $660,000 | $550,950 | 19.8% |
| Seabrook Island | 17 | 11 | 54.5% | $644,500 | $256,500 | 151.3% |
| Drayton | 1 | 0 | - | $600,000 | $0 | - |
| Kiawah Island | 25 | 10 | 150% | $589,500 | $412,500 | 42.9% |
| Edisto Island | 4 | 1 | 300% | $588,500 | $327,000 | 80% |
| Hollywood | 4 | 6 | -33.3% | $572,500 | $382,500 | 49.7% |
| Green Acres | 1 | 0 | - | $550,000 | $0 | - |
| Mount Pleasant | 163 | 121 | 34.7% | $489,000 | $450,000 | 8.7% |
| Meggett | 1 | 0 | - | $465,000 | $0 | - |
| Lincolnville | 1 | 0 | - | $465,000 | $0 | - |
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