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Wednesday, November 6, 2024

Kings Mountain home prices fall in February 2020

Re 13

The median sale price of a home sold in February 2020 in Kings Mountain fell by $20,000 while total sales remained unchanged with two homes sold, according to BlockShopper.com.

In February 2020, there were two homes sold, with a median sale price of $95,000 - a 17.4% decrease over the $115,000 median sale price for the same period of the previous year. There were two homes sold in Kings Mountain in February 2019, as well.

The median sales tax in Kings Mountain for the most recent year with available data, 2019, was $1,162, approximately 1.2% of the median home sale price for February 2020.

The following table compares Kings Mountain to other Gaston County cities with similar median sales prices in February 2020:

CityFeb. 2020 Home SalesFeb. 2019 Home Sales% change (Total Home Sales)Feb. 2020 Median Sales PriceFeb. 2019 Median Sales Price% change (Median Sales Price)
Ashebrook Park10-$176,000$0-
Gastonia1189031.1%$160,000$135,50018.1%
Stanley1213-7.7%$151,500$155,000-2.3%
Dallas151136.4%$146,000$155,000-5.8%
Yorkwood10-$125,500$0-
Fallcrest20-$112,500$0-
Bessemer City151050%$107,500$127,500-15.7%
Kings Mountain220%$95,000$115,000-17.4%
South Gastonia20-$93,750$0-
High Shoals10-$65,000$0-
Cherryville613-53.8%$50,500$130,000-61.2%

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