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Sunday, September 22, 2024

Falling home prices in Pierpont in 2020

Realestate5

The median sale price of a home sold in 2020 in Pierpont fell by $1,000 while total sales decreased by 9.1%, according to BlockShopper.com.

From January through December of 2020, there were 10 homes sold, with a median sale price of $229,000 - a 0.4% decrease over the $230,000 median sale price for the previous year. There were 11 homes sold in Pierpont in 2019.

The median sales tax in Pierpont for the most recent year with available data, 2019, was $1,220, approximately 0.5% of the median home sale price for 2020.

The following table compares Pierpont to other Charleston County cities with similar median sale prices in 2020:

CityJan. - Dec. 2020 Home SalesJan. - Dec. 2019 Home Sales% change (Total Home Sales)Jan. - Dec. 2020 Median Sales PriceJan. - Dec. 2019 Median Sales Price% change (Median Sales Price)
Fenwick Hills614-57.1%$262,750$204,10028.7%
Long Branch Estates1516-6.3%$259,000$237,5009.1%
Church Creek911-18.2%$247,000$235,0005.1%
Melrose9580%$239,000$217,5009.9%
Summerville83112-25.9%$232,500$217,0007.1%
Pierpont1011-9.1%$229,000$230,000-0.4%
Ponderosa1922-13.6%$224,000$190,00017.9%
Lincolnville715-53.3%$212,000$125,00069.6%
Plantation Estates6520%$203,905$290,000-29.7%
North Charleston1,1571,524-24.1%$179,900$159,797.5012.6%
Ladson64114-43.9%$154,500$147,5004.7%

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