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Saturday, November 16, 2024

Stanley home prices fall in the third quarter of 2020

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The median sale price of a home sold in the third quarter of 2020 in Stanley fell by $9,500 while total sales increased by 8.3%, according to BlockShopper.com.

From July through September of 2020, there were 52 homes sold, with a median sale price of $175,500 - a 5.1% decrease over the $185,000 median sale price for the same period of the previous year. There were 48 homes sold in Stanley in the third quarter of 2019.

The median sales tax in Stanley for the most recent year with available data, 2019, was $1,592, approximately 0.9% of the median home sale price for the third quarter of 2020.

The following table compares Stanley to other Gaston County cities with similar median sales prices in the third quarter of 2020:

CityJuly - Sept. 2020 Home SalesJuly - Sept. 2019 Home Sales% change (Total Home Sales)July - Sept. 2020 Median Sales PriceJuly - Sept. 2019 Median Sales Price% change (Median Sales Price)
West Cramerton220%$189,250$198,250-4.5%
Dallas4870-31.4%$187,500$136,00037.9%
Lowell1524-37.5%$180,000$180,500-0.3%
Ranlo2228-21.4%$176,500$175,5000.6%
High Shoals24-50%$176,000$123,00043.1%
Stanley52488.3%$175,500$185,000-5.1%
Kings Mountain911-18.2%$175,000$125,00040%
Gastonia4804399.3%$175,000$158,50010.4%
McAdenville3250%$160,000$235,000-31.9%
Fallcrest12-50%$150,000$120,75024.2%
Goshen Grove110%$145,000$150,000-3.3%

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