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Palmetto State News

Sunday, September 22, 2024

Home prices increased in Edisto Island during 2020

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The median sale price of a home sold in 2020 in Edisto Island rose by $48,000 while total sales decreased by 16.2%, according to BlockShopper.com.

From January through December of 2020, there were 31 homes sold, with a median sale price of $447,000 - a 12% increase over the $399,000 median sale price for the previous year. There were 37 homes sold in Edisto Island in 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 2020.

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

CityJan. - Dec. 2020 Home SalesJan. - Dec. 2019 Home Sales% change (Total Home Sales)Jan. - Dec. 2020 Median Sales PriceJan. - Dec. 2019 Median Sales Price% change (Median Sales Price)
Isle of Palms296310-4.5%$765,187.50$682,62512.1%
Kiawah Island22818920.6%$650,000$640,0001.6%
Folly Beach119147-19%$649,995$579,00012.3%
Edgewater Park311-72.7%$515,000$480,0007.3%
Meggett1729-41.4%$490,000$365,00034.2%
Edisto Island3137-16.2%$447,000$399,00012%
Mount Pleasant2,1212,213-4.2%$435,000$427,0001.9%
Whitehall Terrace8714.3%$423,500$449,000-5.7%
Seabrook Island2542396.3%$415,153$385,0007.8%
Riverland Terrace1321-38.1%$410,000$390,0005.1%
Hollywood5195-46.3%$399,000$340,00017.4%

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