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Monday, September 23, 2024

Falling home prices in Seabrook Island in April 2021

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The median sale price of a home sold in April 2021 in Seabrook Island fell by $71,000 while total sales decreased by 18.2%, according to BlockShopper.com.

In April 2021, there were nine homes sold, with a median sale price of $439,000 - a 13.9% decrease over the $510,000 median sale price for the same period of the previous year. There were 11 homes sold in Seabrook Island in April 2020.

The median sales tax in Seabrook Island for the most recent year with available data, 2019, was $3,566, approximately 0.8% of the median home sale price for April 2021.

The following table compares Seabrook Island to other Charleston County cities with similar median sale prices in April 2021:

CityApr. 2021 Home SalesApr. 2020 Home Sales% change (Total Home Sales)Apr. 2021 Median Sales PriceApr. 2020 Median Sales Price% change (Median Sales Price)
Edgewater Park110%$664,000$475,00039.8%
Sullivan's Island20-$580,000$0-
Meggett20-$569,000$0-
Whitehall Terrace20-$544,250$0-
Mount Pleasant149159-6.3%$495,000$477,0003.8%
Seabrook Island911-18.2%$439,000$510,000-13.9%
Edisto Island42100%$415,000$677,500-38.7%
James Island1124-54.2%$405,000$303,25033.6%
Ashley Forest110%$405,000$450,000-10%
Laurel Park10-$390,000$0-
Charleston195224-12.9%$389,200$310,75025.2%

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