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Tuesday, November 5, 2024

May 2021: Weddington (Union County) experienced a 49.1% increase in median home prices

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The median sale price of a home sold in May 2021 in Weddington in Union County rose by $337,500 while total sales increased by 183.3%, according to BlockShopper.com.

In May 2021, there were 17 homes sold, with a median sale price of $1,025,000 - a 49.1% increase over the $687,500 median sale price for the same period of the previous year. There were six homes sold in Weddington in May 2020.

The median sales tax in Weddington for the most recent year with available data, 2019, was $3,764, approximately 0.4% of the median home sale price for May 2021.

The following table compares Weddington 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)
Weddington176183.3%$1,025,000$687,50049.1%
Marvin131118.2%$825,000$620,00033.1%
Matthews440%$550,000$487,50012.8%
Wesley Chapel79-22.2%$515,000$420,00022.6%
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-
* This story only considers sales data for the part of Weddington that is in Union County.

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