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Wednesday, November 6, 2024

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

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The median sale price of a home sold in January 2021 in Monroe rose by $42,000 while total sales increased by 10.3%, according to BlockShopper.com.

In January 2021, there were 32 homes sold, with a median sale price of $260,000 - a 19.3% increase over the $218,000 median sale price for the same period of the previous year. There were 29 homes sold in Monroe in January 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 January 2021.

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

CityJan. 2021 Home SalesJan. 2020 Home Sales% change (Total Home Sales)Jan. 2021 Median Sales PriceJan. 2020 Median Sales Price% change (Median Sales Price)
Waxhaw2536-30.6%$443,000$353,50025.3%
Wesley Chapel78-12.5%$433,000$434,500-0.3%
Fairview3250%$421,000$468,500-10.1%
Mineral Springs30-$400,000$0-
Stallings1018-44.4%$326,750$295,50010.6%
Indian Trail2434-29.4%$324,000$291,25011.2%
Monroe322910.3%$260,000$218,00019.3%
Unionville26-66.7%$255,000$310,000-17.7%
Lake Park15-80%$193,000$200,000-3.5%
Marshville93200%$185,000$122,00051.6%
Wingate24-50%$162,500$190,500-14.7%

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