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Friday, November 1, 2024

What happened to the median home price in Monroe during July 2021?

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The median sale price of a home sold in July 2021 in Monroe rose by $60,500 while total sales increased by 166.7%, according to BlockShopper.com.

In July 2021, there were 64 homes sold, with a median sale price of $293,750 - a 25.9% increase over the $233,250 median sale price for the same period of the previous year. There were 24 homes sold in Monroe in July 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 July 2021.

The following table compares Monroe to other Union County cities with similar median sale prices in July 2021:

CityJuly 2021 Home SalesJuly 2020 Home Sales% change (Total Home Sales)July 2021 Median Sales PriceJuly 2020 Median Sales Price% change (Median Sales Price)
Mint Hill30-$450,000$0-
Fairview220%$448,750$637,500-29.6%
Indian Trail7334114.7%$376,000$261,00044.1%
Stallings241384.6%$338,500$305,00011%
Hemby Bridge10-$328,000$0-
Lake Park41300%$302,000$192,50056.9%
Unionville62200%$298,500$248,25020.2%
Monroe6424166.7%$293,750$233,25025.9%
Wingate62200%$262,250$277,500-5.5%
Marshville7616.7%$259,000$224,00015.6%
Mineral Springs41300%$246,500$235,0004.9%

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