From January through June of 2021, there were four homes sold, with a median sale price of $690,000 - a 32.5% decrease over the $1,022,500 median sale price for the same period of the previous year. There were seven homes sold in Sullivan's Island in the first half 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 first half of 2021.
The following table compares Sullivan's Island to other Charleston County cities with similar median sale prices in the first half of 2021:
City | Jan. - June 2021 Home Sales | Jan. - June 2020 Home Sales | % change (Total Home Sales) | Jan. - June 2021 Median Sales Price | Jan. - June 2020 Median Sales Price | % change (Median Sales Price) |
---|---|---|---|---|---|---|
Isle of Palms | 121 | 101 | 19.8% | $775,000 | $685,500 | 13.1% |
Edgewater Park | 3 | 2 | 50% | $750,000 | $495,000 | 51.5% |
Sullivan's Island | 4 | 7 | -42.9% | $690,000 | $1,022,500 | -32.5% |
Kiawah Island | 113 | 60 | 88.3% | $664,000 | $697,500 | -4.8% |
Folly Beach | 56 | 48 | 16.7% | $650,000 | $631,500 | 2.9% |
Edisto Island | 18 | 12 | 50% | $547,500 | $402,500 | 36% |
Seabrook Island | 100 | 92 | 8.7% | $534,000 | $375,000 | 42.4% |
Meggett | 13 | 5 | 160% | $497,000 | $449,000 | 10.7% |
Mount Pleasant | 1,125 | 948 | 18.7% | $492,000 | $424,448 | 15.9% |
Secessionville Acres | 4 | 2 | 100% | $469,500 | $470,000 | -0.1% |
Ravenel | 7 | 9 | -22.2% | $455,000 | $386,000 | 17.9% |