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Wednesday, November 6, 2024

Sullivan's Island median home prices fell by 11.9% in the second quarter of 2021

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The median sale price of a home sold in the second quarter of 2021 in Sullivan's Island fell by $93,615 while total sales increased by 100%, according to BlockShopper.com.

From April through June of 2021, there were four homes sold, with a median sale price of $690,000 - a 11.9% decrease over the $783,615 median sale price for the same period of the previous year. There were two homes sold in Sullivan's Island in the second quarter of 2020.

The median sales tax in Sullivan's Island for the most recent year with available data, 2019, was $9,160, approximately 1.3% of the median home sale price for the second quarter of 2021.

The following table compares Sullivan's 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)
Isle of Palms5358-8.6%$765,000$654,25016.9%
Edgewater Park3250%$750,000$495,00051.5%
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%

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