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Tuesday, November 5, 2024

Marvin median home prices rose by 33.3% in May

Realestate3

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Adobe Stock

The median sale price of a home sold in May in Marvin rose by $275,000 while total sales decreased by 30.8 percent, according to BlockShopper.com.

In May, there were nine homes sold, with a median sale price of $1,100,000 - a 33.3 percent increase over the $825,000 median sale price for the same period of the previous year. There were 13 homes sold in Marvin in May 2021.

The median sales tax in Marvin for the most recent year with available data, 2019, was $4,484, approximately 0.4 percent of the median home sale price for May.

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

CityMay 2022 Home SalesMay 2021 Home Sales% change (Total Home Sales)May 2022 Median Sales PriceMay 2021 Median Sales Price% change (Median Sales Price)
Marvin913-30.8$1,100,000$825,00033.3
Weddington717-58.8$1,050,000$1,025,0002.4
Matthews14-75$960,000$550,00074.5
Wesley Chapel10742.9$710,000$515,00037.9
Waxhaw5358-8.6$645,000$478,75034.7
Mint Hill31200$590,000$483,50022
Fairview42100$570,000$430,00032.6
Unionville311-72.7$468,000$249,00088
Indian Trail524030$467,000$348,50034
Stallings1519-21.1$436,000$356,50022.3
Mineral Springs330$430,000$299,00043.8

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