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Friday, March 14, 2025

December 2018: Home prices in Lake Park increased

Webp realestate5

The median sale price of a home sold in December 2018 in Lake Park rose by $55,750 while total sales decreased by 33.3%, according to BlockShopper.com.

In December 2018, there were two homes sold, with a median sale price of $230,750 - a 31.9% increase over the $175,000 median sale price for the same period of the previous year. There were three homes sold in Lake Park in December 2017.

The median sales tax in Lake Park for 2018 was $1,301. In 2017, the median sales tax was $1,389. This marks an decrease of 6.3%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 0.6%.

The following table compares Lake Park to other Union County cities with similar median sale prices in December 2018:

CityDec. 2018 Home SalesDec. 2017 Home Sales% change (Total Home Sales)Dec. 2018 Median Sales PriceDec. 2017 Median Sales Price% change (Median Sales Price)
Waxhaw3549-28.6%$395,000$343,00015.2%
Fairview220%$308,750$407,500-24.2%
Stallings161060%$295,000$263,25012.1%
Unionville220%$262,500$126,750107.1%
Hemby Bridge12-50%$245,000$188,50030%
Lake Park23-33.3%$230,750$175,00031.9%
Matthews20-$222,000$0-
Indian Trail3539-10.3%$205,000$235,000-12.8%
Monroe3335-5.7%$200,000$180,00011.1%
Marshville880%$151,750$185,000-18%
Wingate9728.6%$90,000$157,000-42.7%

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