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Saturday, November 23, 2024

What happened to the median home price in Wingate during May 2021?

Realestate1

The median sale price of a home sold in May 2021 in Wingate rose by $78,000 while total sales increased by 100%, according to BlockShopper.com.

In May 2021, there were eight homes sold, with a median sale price of $253,750 - a 44.4% increase over the $175,750 median sale price for the same period of the previous year. There were four homes sold in Wingate in May 2020.

The median sales tax in Wingate for the most recent year with available data, 2019, was $1,168, approximately 0.5% of the median home sale price for May 2021.

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

CityMay 2021 Home SalesMay 2020 Home Sales% change (Total Home Sales)May 2021 Median Sales PriceMay 2020 Median Sales Price% change (Median Sales Price)
Mint Hill10-$483,500$0-
Waxhaw584528.9%$478,750$450,0006.4%
Fairview220%$430,000$218,50096.8%
Stallings191435.7%$356,500$315,00013.2%
Indian Trail4043-7%$348,500$262,00033%
Marshville610-40%$315,000$187,50068%
Lake Park20-$301,000$0-
Mineral Springs3250%$299,000$46,000550%
Monroe503351.5%$268,000$226,00018.6%
Wingate84100%$253,750$175,75044.4%
Unionville115120%$249,000$205,00021.5%

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