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Thursday, November 28, 2024

The third quarter of 2021: Ponderosa experienced a 27.8% increase in median home prices

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The median sale price of a home sold in the third quarter of 2021 in Ponderosa rose by $46,000 while total sales increased by 50%, according to BlockShopper.com.

From July through September of 2021, there were six homes sold, with a median sale price of $211,500 - a 27.8% increase over the $165,500 median sale price for the same period of the previous year. There were four homes sold in Ponderosa in the third quarter of 2020.

The median sales tax in Ponderosa for the most recent year with available data, 2019, was $833, approximately 0.4% of the median home sale price for the third quarter of 2021.

The following table compares Ponderosa to other Charleston County cities with similar median sale prices in the third quarter of 2021:

CityJuly - Sept. 2021 Home SalesJuly - Sept. 2020 Home Sales% change (Total Home Sales)July - Sept. 2021 Median Sales PriceJuly - Sept. 2020 Median Sales Price% change (Median Sales Price)
Church Creek220%$319,250$259,50023%
Plantation Estates63100%$312,500$240,00030.2%
McClellanville58-37.5%$300,000$324,000-7.4%
Chesterfield3250%$300,000$445,500-32.7%
Summerville1830-40%$275,000$218,00026.1%
North Charleston254369-31.2%$225,000$190,00018.4%
Ladson261936.8%$217,500$150,50044.5%
Ponderosa6450%$211,500$165,50027.8%
Adams Run8633.3%$204,250$193,0005.8%
Lincolnville20-$145,500$0-
Fenwick Hills52150%$125,000$307,500-59.3%

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