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Tuesday, November 5, 2024

Kings Mountain home prices rise in the third quarter of 2019

Re 9

The median sale price of a home sold in the third quarter of 2019 in Kings Mountain rose by $8,500 while total sales increased by 20%, according to BlockShopper.com.

From July through September of 2019, there were six homes sold, with a median sale price of $107,500 - a 8.6% increase over the $99,000 median sale price for the same period of the previous year. There were five homes sold in Kings Mountain in the third quarter of 2018.

The median sales tax in Kings Mountain for the most recent year with available data, 2015, was $714, approximately 0.7% of the median home sale price for the third quarter of 2019.

The following table compares Kings Mountain 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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