In May 2020, there were seven homes sold, with a median sale price of $76,000 - a 57.4% decrease over the $178,500 median sale price for the same period of the previous year. There were eight homes sold in Ranlo in May 2019.
The median sales tax in Ranlo for the most recent year with available data, 2019, was $1,590, approximately 2.1% of the median home sale price for May 2020.
The following table compares Ranlo to other Gaston County cities with similar median sales prices in May 2020:
| City | May 2020 Home Sales | May 2019 Home Sales | % change (Total Home Sales) | May 2020 Median Sales Price | May 2019 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Gastonia | 119 | 142 | -16.2% | $160,000 | $166,250 | -3.8% |
| Vinton Woods | 4 | 2 | 100% | $159,000 | $135,500 | 17.3% |
| Cherryville | 14 | 12 | 16.7% | $140,000 | $132,500 | 5.7% |
| Yorkwood | 1 | 0 | - | $135,000 | $0 | - |
| Bessemer City | 8 | 14 | -42.9% | $135,000 | $150,250 | -10.1% |
| South Gastonia | 3 | 0 | - | $110,000 | $0 | - |
| Springwood | 2 | 2 | 0% | $97,000 | $131,000 | -26% |
| Ranlo | 7 | 8 | -12.5% | $76,000 | $178,500 | -57.4% |
| High Shoals | 1 | 3 | -66.7% | $65,500 | $191,500 | -65.8% |
| North Belmont | 1 | 0 | - | $45,000 | $0 | - |
| Fallcrest | 1 | 0 | - | $27,000 | $0 | - |
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