What happened to the median home price in Mount Pleasant during the first half of 2021?

What happened to the median home price in Mount Pleasant during the first half of 2021?
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The median sale price of a home sold in the first half of 2021 in Mount Pleasant rose by $67,552 while total sales increased by 18.7%, according to BlockShopper.com.

From January through June of 2021, there were 1,125 homes sold, with a median sale price of $492,000 – a 15.9% increase over the $424,448 median sale price for the same period of the previous year. There were 948 homes sold in Mount Pleasant in the first half of 2020.

The median sales tax in Mount Pleasant for the most recent year with available data, 2019, was $1,817, approximately 0.4% of the median home sale price for the first half of 2021.

The following table compares Mount Pleasant to other Charleston County cities with similar median sale prices in the first half of 2021:

City Jan. – June 2021 Home Sales Jan. – June 2020 Home Sales % change (Total Home Sales) Jan. – June 2021 Median Sales Price Jan. – June 2020 Median Sales Price % change (Median Sales Price)
Kiawah Island 113 60 88.3% $664,000 $697,500 -4.8%
Folly Beach 56 48 16.7% $650,000 $631,500 2.9%
Edisto Island 18 12 50% $547,500 $402,500 36%
Seabrook Island 100 92 8.7% $534,000 $375,000 42.4%
Meggett 13 5 160% $497,000 $449,000 10.7%
Mount Pleasant 1,125 948 18.7% $492,000 $424,448 15.9%
Secessionville Acres 4 2 100% $469,500 $470,000 -0.1%
Ravenel 7 9 -22.2% $455,000 $386,000 17.9%
Hollywood 30 22 36.4% $448,500 $207,950 115.7%
Capri Isles 11 10 10% $445,000 $390,000 14.1%
Laurel Park 5 6 -16.7% $431,250 $353,250 22.1%


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