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Wednesday, December 25, 2024

Cherryville home prices rise in July 2020

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The median sale price of a home sold in July 2020 in Cherryville rose by $11,000 while total sales increased by 81.8%, according to BlockShopper.com.

In July 2020, there were 20 homes sold, with a median sale price of $136,000 - a 8.8% increase over the $125,000 median sale price for the same period of the previous year. There were 11 homes sold in Cherryville in July 2019.

The median sales tax in Cherryville for the most recent year with available data, 2019, was $1,266, approximately 0.9% of the median home sale price for July 2020.

The following table compares Cherryville to other Gaston County cities with similar median sales prices in July 2020:

CityJuly 2020 Home SalesJuly 2019 Home Sales% change (Total Home Sales)July 2020 Median Sales PriceJuly 2019 Median Sales Price% change (Median Sales Price)
Ashebrook Park10-$204,000$0-
Kings Mountain440%$200,000$69,500187.8%
Ranlo10742.9%$196,000$191,5002.3%
West Cramerton110%$190,500$248,500-23.3%
Gastonia1801649.8%$181,500$153,50018.2%
Stanley171241.7%$160,000$169,250-5.5%
Lowell713-46.2%$159,000$186,000-14.5%
Bessemer City1315-13.3%$144,500$125,00015.6%
Cherryville201181.8%$136,000$125,0008.8%
South Gastonia3250%$130,000$68,25090.5%
North Belmont14-75%$55,000$145,500-62.2%

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