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Saturday, May 11, 2024

April: Home prices in Wingate increased

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The median sale price of a home sold in April in Wingate rose by $26,500 while total sales increased by 60 percent, according to BlockShopper.com.

In April, there were eight homes sold, with a median sale price of $251,500 - an 11.8 percent increase over the $225,000 median sale price for the same period of the previous year. There were five homes sold in Wingate in April 2021.

The median sales tax in Wingate for the most recent year with available data, 2019, was $1,168, approximately 0.5 percent of the median home sale price for April.

The following table compares Wingate to other Union County cities with similar median sale prices in April:

CityApril 2022 Home SalesApril 2021 Home Sales% change (Total Home Sales)April 2022 Median Sales PriceApril 2021 Median Sales Price% change (Median Sales Price)
Hemby Bridge220$458,500$307,00049.3
Mint Hill10-$452,000$0-
Matthews40-$435,250$0-
Indian Trail514415.9$400,000$345,00015.9
Lake Park36-50$398,500$274,50045.2
Stallings1419-26.3$372,500$343,5008.4
Monroe5455-1.8$354,500$270,00031.3
Mineral Springs4333.3$305,000$275,00010.9
Wingate8560$251,500$225,00011.8
Unionville330$248,000$245,0001.2
Marshville59-44.4$200,000$189,0005.8

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