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Wednesday, November 6, 2024

The second quarter of 2021: Seabrook Island experienced a 56.1% increase in median home prices

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The median sale price of a home sold in the second quarter of 2021 in Seabrook Island rose by $207,500 while total sales increased by 33.3%, according to BlockShopper.com.

From April through June of 2021, there were 60 homes sold, with a median sale price of $577,500 - a 56.1% increase over the $370,000 median sale price for the same period of the previous year. There were 45 homes sold in Seabrook Island in the second quarter of 2020.

The median sales tax in Seabrook Island for the most recent year with available data, 2019, was $3,566, approximately 0.6% of the median home sale price for the second quarter of 2021.

The following table compares Seabrook Island to other Charleston County cities with similar median sale prices in the second quarter of 2021:

CityApr. - June 2021 Home SalesApr. - June 2020 Home Sales% change (Total Home Sales)Apr. - June 2021 Median Sales PriceApr. - June 2020 Median Sales Price% change (Median Sales Price)
Meggett7475%$700,000$452,45054.7%
Sullivan's Island42100%$690,000$783,615-11.9%
Kiawah Island614245.2%$679,000$708,000-4.1%
Folly Beach312524%$650,000$625,0004%
Capri Isles46-33.3%$578,000$390,00048.2%
Seabrook Island604533.3%$577,500$370,00056.1%
Edisto Island9580%$550,000$405,00035.8%
Mount Pleasant57551511.7%$524,500$431,00021.7%
Landsdowne12-50%$456,000$284,00060.6%
Whitehall Terrace42100%$452,500$277,50063.1%
Drayton37-57.1%$440,000$315,00039.7%

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