The median sale price of a home sold in the second quarter of 2017 in Monroe rose by $22,000 while total sales decreased by 47.1%, according to BlockShopper.com.
From April through June of 2017, there were 119 homes sold, with a median sale price of $191,000 – a 13% increase over the $169,000 median sale price for the same period of the previous year. There were 225 homes sold in Monroe in the second quarter of 2016.
The median sales tax in Monroe for 2017 was $1,176. In 2016, the median sales tax was $1,140. This marks an increase of 3.2%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 0.6%.
The following table compares Monroe to other Union County cities with similar median sale prices in the second quarter of 2017:
| City | Apr. – June 2017 Home Sales | Apr. – June 2016 Home Sales | % change (Total Home Sales) | Apr. – June 2017 Median Sales Price | Apr. – June 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Mint Hill | 2 | 2 | 0% | $357,000 | $405,000 | -11.9% |
| Matthews | 8 | 9 | -11.1% | $291,500 | $378,000 | -22.9% |
| Indian Trail | 126 | 238 | -47.1% | $252,500 | $238,500 | 5.9% |
| Mineral Springs | 16 | 10 | 60% | $252,500 | $301,000 | -16.1% |
| Stallings | 60 | 82 | -26.8% | $236,000 | $235,000 | 0.4% |
| Monroe | 119 | 225 | -47.1% | $191,000 | $169,000 | 13% |
| Lake Park | 13 | 18 | -27.8% | $186,000 | $168,500 | 10.4% |
| Hemby Bridge | 6 | 5 | 20% | $185,000 | $160,000 | 15.6% |
| Unionville | 9 | 26 | -65.4% | $175,000 | $264,750 | -33.9% |
| Wingate | 6 | 18 | -66.7% | $169,000 | $138,500 | 22% |
| Marshville | 13 | 17 | -23.5% | $125,000 | $125,000 | 0% |
