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Tuesday, November 5, 2024

Rising home prices in Fairview in October 2020

Realestate1

The median sale price of a home sold in October 2020 in Fairview rose by $210,000 while total sales increased by 50%, according to BlockShopper.com.

In October 2020, there were three homes sold, with a median sale price of $320,000 - a 190.9% increase over the $110,000 median sale price for the same period of the previous year. There were two homes sold in Fairview in October 2019.

The median sales tax in Fairview for the most recent year with available data, 2019, was $1,741, approximately 0.5% of the median home sale price for October 2020.

The following table compares Fairview to other Union County cities with similar median sale prices in October 2020:

CityOct. 2020 Home SalesOct. 2019 Home Sales% change (Total Home Sales)Oct. 2020 Median Sales PriceOct. 2019 Median Sales Price% change (Median Sales Price)
Weddington39-66.7%$641,500$660,000-2.8%
Mineral Springs21100%$542,500$268,000102.4%
Wesley Chapel34-25%$515,000$426,50020.8%
Waxhaw3653-32.1%$507,500$353,00043.8%
Unionville27-71.4%$437,500$270,00062%
Fairview3250%$320,000$110,000190.9%
Stallings1419-26.3%$301,000$260,00015.8%
Indian Trail2859-52.5%$277,500$268,0003.5%
Monroe2649-46.9%$245,000$210,00016.7%
Hemby Bridge15-80%$197,500$223,000-11.4%
Marshville3250%$180,000$210,250-14.4%

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