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Thursday, November 7, 2024

Home prices increased in Monroe during August 2021

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The median sale price of a home sold in August 2021 in Monroe rose by $48,500 while total sales increased by 47.4%, according to BlockShopper.com.

In August 2021, there were 28 homes sold, with a median sale price of $269,000 - a 22% increase over the $220,500 median sale price for the same period of the previous year. There were 19 homes sold in Monroe in August 2020.

The median sales tax in Monroe for the most recent year with available data, 2019, was $1,109, approximately 0.4% of the median home sale price for August 2021.

The following table compares Monroe to other Union County cities in August 2021:

CityAug. 2021 Home SalesAug. 2020 Home Sales% change (Total Home Sales)Aug. 2021 Median Sales PriceAug. 2020 Median Sales Price% change (Median Sales Price)
Marvin28-75%$967,500$620,50055.9%
Waxhaw1330-56.7%$560,000$480,50016.5%
Weddington28-75%$500,000$793,000-36.9%
Mint Hill10-$489,000$0-
Stallings990%$405,000$300,00035%
Indian Trail1121-47.6%$380,000$292,00030.1%
Lake Park20-$305,250$0-
Monroe281947.4%$269,000$220,50022%
Wingate45-20%$233,000$190,00022.6%
Marshville25-60%$165,000$198,500-16.9%
Unionville01-100%$0$295,000-100%
Hemby Bridge00-$0$0-
Wesley Chapel05-100%$0$385,000-100%
Matthews00-$0$0-
Mineral Springs01-100%$0$475,000-100%
Fairview02-100%$0$81,250-100%

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