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Wednesday, November 6, 2024

Rising home prices in Ponderosa 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 Ponderosa rose by $25,000 while total sales decreased by 66.7%, according to BlockShopper.com.

From April through June of 2021, there were two homes sold, with a median sale price of $265,000 - a 10.4% increase over the $240,000 median sale price for the same period of the previous year. There were six homes sold in Ponderosa in the second quarter of 2020.

The median sales tax in Ponderosa for the most recent year with available data, 2019, was $833, approximately 0.3% of the median home sale price for the second quarter of 2021.

The following table compares Ponderosa 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)
Ravenel25-60%$302,500$382,000-20.8%
Forest Lakes20-$296,250$0-
Melrose42100%$276,750$186,00048.8%
Adams Run990%$276,000$270,0002.2%
Summerville241741.2%$272,750$223,00022.3%
Ponderosa26-66.7%$265,000$240,00010.4%
Castlewood12-50%$229,555$278,750-17.6%
Lincolnville15-80%$225,000$212,0006.1%
North Charleston31826520%$209,500$183,00014.5%
Ladson17170%$180,000$160,00012.5%
Wildwood21100%$124,600$122,5001.7%

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