In December 2018, there were four homes sold, with a median sale price of $588,500 - a 33% increase over the $442,500 median sale price for the same period of the previous year. There were six homes sold in Weddington in December 2017.
The median sales tax in Weddington for 2018 was $3,685. In 2017, the median sales tax was $3,833. This marks an decrease of 3.9%. 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 Weddington to other Union County cities with similar median sale prices in December 2018:
| City | Dec. 2018 Home Sales | Dec. 2017 Home Sales | % change (Total Home Sales) | Dec. 2018 Median Sales Price | Dec. 2017 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Marvin | 6 | 4 | 50% | $806,250 | $412,500 | 95.5% |
| Weddington | 4 | 6 | -33.3% | $588,500 | $442,500 | 33% |
| Wesley Chapel | 5 | 7 | -28.6% | $415,000 | $360,000 | 15.3% |
| Mineral Springs | 6 | 1 | 500% | $405,000 | $465,000 | -12.9% |
| Waxhaw | 35 | 49 | -28.6% | $395,000 | $343,000 | 15.2% |
| Fairview | 2 | 2 | 0% | $308,750 | $407,500 | -24.2% |
| Stallings | 16 | 10 | 60% | $295,000 | $263,250 | 12.1% |
| Unionville | 2 | 2 | 0% | $262,500 | $126,750 | 107.1% |
| Hemby Bridge | 1 | 2 | -50% | $245,000 | $188,500 | 30% |
| Lake Park | 2 | 3 | -33.3% | $230,750 | $175,000 | 31.9% |
| Matthews | 2 | 0 | - | $222,000 | $0 | - |
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