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Tuesday, November 5, 2024

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

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The median sale price of a home sold in June 2021 in Monroe rose by $45,000 while total sales increased by 176%, according to BlockShopper.com.

In June 2021, there were 69 homes sold, with a median sale price of $280,000 - a 19.1% increase over the $235,000 median sale price for the same period of the previous year. There were 25 homes sold in Monroe in June 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 June 2021.

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

CityJune 2021 Home SalesJune 2020 Home Sales% change (Total Home Sales)June 2021 Median Sales PriceJune 2020 Median Sales Price% change (Median Sales Price)
Mint Hill21100%$540,000$339,00059.3%
Waxhaw10440160%$537,500$483,75011.1%
Fairview21100%$532,000$225,500135.9%
Wesley Chapel9728.6%$511,000$402,00027.1%
Stallings1314-7.1%$379,500$288,75031.4%
Indian Trail6729131%$349,500$315,00011%
Lake Park3250%$327,000$284,75014.8%
Marshville81700%$303,500$6,0004958.3%
Monroe6925176%$280,000$235,00019.1%
Wingate42100%$260,000$216,25020.2%
Unionville51400%$225,000$520,000-56.7%

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