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Sunday, April 28, 2024

May: Fairview experienced a 32.6% increase in median home prices

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The median sale price of a home sold in May in Fairview rose by $140,000 while total sales increased by 100 percent, according to BlockShopper.com.

In May, there were four homes sold, with a median sale price of $570,000 - a 32.6 percent increase over the $430,000 median sale price for the same period of the previous year. There were two homes sold in Fairview in May 2021.

The median sales tax in Fairview for the most recent year with available data, 2019, was $1,741, approximately 0.3 percent of the median home sale price for May.

The following table compares Fairview 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)
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
Hemby Bridge10-$412,000$0-

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