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Palmetto State News

Friday, September 27, 2024

Pierpont home prices fall in 2017

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The median sale price of a home sold in 2017 in Pierpont fell by $18,500 while total sales increased by 128.6%, according to BlockShopper.com.

From January through December of 2017, there were 16 homes sold, with a median sale price of $164,500 - a 10.1% decrease over the $183,000 median sale price for the previous year. There were seven homes sold in Pierpont in 2016.

The median sales tax in Pierpont for the most recent year with available data, 2015, was $1,116, approximately 0.7% of the median home sale price for 2017.

The following table compares Pierpont to other Charleston County cities with similar median sales prices in 2017:

CityJan. - Dec. 2017 Home SalesJan. - Dec. 2016 Home Sales% change (Total Home Sales)Jan. - Dec. 2017 Median Sales PriceJan. - Dec. 2016 Median Sales Price% change (Median Sales Price)
Ponderosa1922-13.6%$213,000$200,0006.5%
Plantation Estates145180%$207,450$184,00012.7%
Summerville6689-25.8%$185,750$174,9006.2%
Castlewood35-40%$180,000$92,00095.7%
Melrose57-28.6%$165,000$200,000-17.5%
Pierpont167128.6%$164,500$183,000-10.1%
Lincolnville34-25%$158,000$142,20011.1%
North Charleston9421,245-24.3%$132,950$120,00010.8%
Ravenel1623-30.4%$120,000$110,0009.1%
Ladson4668-32.4%$112,500$94,50019%
Adams Run2044-54.5%$97,000$87,50010.9%

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