The median sale price of a home sold in the second quarter of 2017 in New Hill rose by $48,000 while total sales increased by 100%, according to BlockShopper.com.
From April through June of 2017, there were six homes sold, with a median sale price of $598,000 – a 8.7% increase over the $550,000 median sale price for the same period of the previous year. There were three homes sold in New Hill in the second quarter of 2016.
The median sales tax in New Hill for the most recent year with available data, 2016, was $1,655, approximately 0.3% of the median home sale price for the second quarter of 2017.
The following table compares New Hill to other Wake County cities with similar median sales 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) |
|---|---|---|---|---|---|---|
| New Hill | 6 | 3 | 100% | $598,000 | $550,000 | 8.7% |
| Brookstone | 5 | 1 | 400% | $455,000 | $395,000 | 15.2% |
| Brookhaven | 3 | 3 | 0% | $440,000 | $450,000 | -2.2% |
| Lake Anne | 1 | 2 | -50% | $418,000 | $433,000 | -3.5% |
| Birchwood Hills Estates | 2 | 8 | -75% | $387,000 | $319,500 | 21.1% |
| Stoneridge | 1 | 1 | 0% | $380,000 | $538,000 | -29.4% |
| Cary | 567 | 794 | -28.6% | $342,000 | $334,750 | 2.2% |
| Medfield Estates | 3 | 1 | 200% | $330,000 | $290,000 | 13.8% |
| Barclay Downs | 1 | 7 | -85.7% | $330,000 | $287,500 | 14.8% |
| Oxxford Hunt | 4 | 6 | -33.3% | $316,000 | $306,750 | 3% |
| Holly Springs | 208 | 324 | -35.8% | $315,000 | $316,750 | -0.6% |
