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Thursday, November 7, 2024

Home prices increased in Indian Trail during August 2020

Realestate3

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Adobe Stock

The median sale price of a home sold in August 2020 in Indian Trail rose by $37,500 while total sales decreased by 67.2%, according to BlockShopper.com.

In August 2020, there were 21 homes sold, with a median sale price of $292,000 - a 14.7% increase over the $254,500 median sale price for the same period of the previous year. There were 64 homes sold in Indian Trail in August 2019.

The median sales tax in Indian Trail for the most recent year with available data, 2019, was $1,509, approximately 0.5% of the median home sale price for August 2020.

The following table compares Indian Trail to other Union County cities with similar median sale prices in August 2020:

CityAug. 2020 Home SalesAug. 2019 Home Sales% change (Total Home Sales)Aug. 2020 Median Sales PriceAug. 2019 Median Sales Price% change (Median Sales Price)
Marvin811-27.3%$620,500$565,0009.8%
Waxhaw3069-56.5%$480,500$442,0008.7%
Mineral Springs14-75%$475,000$382,50024.2%
Wesley Chapel57-28.6%$385,000$495,000-22.2%
Stallings925-64%$300,000$267,00012.4%
Unionville17-85.7%$295,000$382,000-22.8%
Indian Trail2164-67.2%$292,000$254,50014.7%
Monroe1966-71.2%$220,500$208,5005.8%
Marshville51400%$198,500$120,00065.4%
Wingate56-16.7%$190,000$189,0000.5%
Fairview21100%$81,250$175,000-53.6%

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