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Tuesday, September 24, 2024

The third quarter of 2021: Mount Pleasant experienced a 19.6% increase in median home prices

Realestate3

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Adobe Stock

The median sale price of a home sold in the third quarter of 2021 in Mount Pleasant rose by $86,500 while total sales decreased by 37.4%, according to BlockShopper.com.

From July through September of 2021, there were 453 homes sold, with a median sale price of $528,000 - a 19.6% increase over the $441,500 median sale price for the same period of the previous year. There were 724 homes sold in Mount Pleasant in the third quarter of 2020.

The median sales tax in Mount Pleasant for the most recent year with available data, 2019, was $1,817, approximately 0.3% of the median home sale price for the third quarter of 2021.

The following table compares Mount Pleasant 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)
Ravenel79-22.2%$585,000$386,75051.3%
Edgewater Park110%$580,000$595,000-2.5%
Seabrook Island47108-56.5%$577,000$396,75045.4%
Awendaw31200%$570,000$40,0001325%
Sullivan's Island23-33.3%$562,500$2,300,000-75.5%
Mount Pleasant453724-37.4%$528,000$441,50019.6%
Laurel Park330%$526,000$360,00046.1%
Riverland Terrace330%$510,000$310,00064.5%
Green Acres13-66.7%$510,000$540,000-5.6%
North Pine Point21100%$490,000$250,00096%
Edisto Island990%$459,000$480,000-4.4%

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