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Tuesday, November 5, 2024

Bessemer City home prices fall in the third quarter of 2019

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The median sale price of a home sold in the third quarter of 2019 in Bessemer City fell by $26,000 while total sales increased by 140%, according to BlockShopper.com.

From July through September of 2019, there were 24 homes sold, with a median sale price of $86,500 - a 23.1% decrease over the $112,500 median sale price for the same period of the previous year. There were 10 homes sold in Bessemer City in the third quarter of 2018.

The median sales tax in Bessemer City for the most recent year with available data, 2015, was $676, approximately 0.8% of the median home sale price for the third quarter of 2019.

The following table compares Bessemer City to other Gaston County cities with similar median sales prices in the third quarter of 2019:

CityJuly - Sept. 2019 Home SalesJuly - Sept. 2018 Home Sales% change (Total Home Sales)July - Sept. 2019 Median Sales PriceJuly - Sept. 2018 Median Sales Price% change (Median Sales Price)
High Shoals10-$158,000$0-
Goshen Grove110%$150,000$139,0007.9%
Ranlo172750%$145,500$159,750-8.9%
Springdale12-50%$141,500$80,50075.8%
Dallas3215113.3%$128,000$169,000-24.3%
Cherryville231735.3%$120,000$84,00042.9%
Kings Mountain6520%$107,500$99,0008.6%
Fallcrest10-$87,500$0-
Bessemer City2410140%$86,500$112,500-23.1%
Yorkwood10-$35,000$0-
South Gastonia10-$5,000$0-

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