The median sale price of a home sold in May 2018 in Sullivan’s Island rose by $517,500 while total sales decreased by 77.8%, according to BlockShopper.com.
In May 2018, there were two homes sold, with a median sale price of $1,842,500 – a 39.1% increase over the $1,325,000 median sale price for the same period of the previous year. There were nine homes sold in Sullivan’s Island in May 2017.
The median sales tax in Sullivan’s Island for the most recent year with available data, 2015, was $7,193, approximately 0.4% of the median home sale price for May 2018.
The following table compares Sullivan’s Island to other Charleston County cities with similar median sales prices in May 2018:
| City | May 2018 Home Sales | May 2017 Home Sales | % change (Total Home Sales) | May 2018 Median Sales Price | May 2017 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Kiawah Island | 7 | 19 | -63.2% | $2,050,000 | $805,000 | 154.7% |
| Sullivan’s Island | 2 | 9 | -77.8% | $1,842,500 | $1,325,000 | 39.1% |
| Edgewater Park | 1 | 0 | – | $950,000 | $0 | – |
| Awendaw | 1 | 0 | – | $825,000 | $0 | – |
| Meggett | 1 | 4 | -75% | $800,000 | $321,000 | 149.2% |
| Hollywood | 1 | 6 | -83.3% | $740,000 | $240,000 | 208.3% |
| Isle of Palms | 7 | 26 | -73.1% | $690,810 | $650,000 | 6.3% |
| Folly Beach | 4 | 11 | -63.6% | $510,087 | $568,000 | -10.2% |
| Mount Pleasant | 73 | 207 | -64.7% | $430,000 | $435,000 | -1.1% |
| McClellanville | 1 | 1 | 0% | $385,000 | $260,000 | 48.1% |
| James Island | 10 | 21 | -52.4% | $342,500 | $265,000 | 29.2% |
