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Monday, November 11, 2024

What happened to the median home price in Edisto Island during the fourth quarter of 2020?

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The median sale price of a home sold in the fourth quarter of 2020 in Edisto Island fell by $28,000 while total sales increased by 57.1%, according to BlockShopper.com.

From October through December of 2020, there were 11 homes sold, with a median sale price of $447,000 - a 5.9% decrease over the $475,000 median sale price for the same period of the previous year. There were seven homes sold in Edisto Island in the fourth quarter of 2019.

The median sales tax in Edisto Island for the most recent year with available data, 2019, was $1,789, approximately 0.4% of the median home sale price for the fourth quarter of 2020.

The following table compares Edisto Island to other Charleston County cities with similar median sale prices in the fourth quarter of 2020:

CityOct. - Dec. 2020 Home SalesOct. - Dec. 2019 Home Sales% change (Total Home Sales)Oct. - Dec. 2020 Median Sales PriceOct. - Dec. 2019 Median Sales Price% change (Median Sales Price)
Riverland Terrace330%$535,000$357,50049.7%
Hollywood1017-41.2%$510,000$375,00036%
Seabrook Island554231%$505,000$280,00080.4%
Lincolnville15-80%$465,000$85,000447.1%
Mount Pleasant45938818.3%$462,500$428,5007.9%
Edisto Island11757.1%$447,000$475,000-5.9%
Adams Run25-60%$430,000$265,50062%
Landsdowne14-75%$418,000$283,70047.3%
McClellanville56-16.7%$405,000$625,000-35.2%
Secessionville Acres52150%$400,000$371,5007.7%
Laurel Park60-$392,500$0-

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