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Monday, November 25, 2024

Rising home prices in Mount Pleasant in the second half of 2019

Realestate077

The median sale price of a home sold in the second half of 2019 in Mount Pleasant rose by $25,000 while total sales decreased by 42.9%, according to BlockShopper.com.

From July through December of 2019, there were 12 homes sold, with a median sale price of $228,000 - a 12.3% increase over the $203,000 median sale price for the same period of the previous year. There were 21 homes sold in Mount Pleasant in the second half of 2018.

The median sales tax in Mount Pleasant for 2019 was $1,571. In 2018, the median sales tax was $1,533. This marks an increase of 2.5%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 0.7%.

The following table compares Mount Pleasant to other Cabarrus County cities in the second half of 2019:

CityJuly - Dec. 2019 Home SalesJuly - Dec. 2018 Home Sales% change (Total Home Sales)July - Dec. 2019 Median Sales PriceJuly - Dec. 2018 Median Sales Price% change (Median Sales Price)
Harrisburg209225-7.1%$302,500$259,00016.8%
Charlotte31296.9%$299,000$202,50047.7%
Locust191090%$230,000$201,75014%
Mount Pleasant1221-42.9%$228,000$203,00012.3%
Midland8893-5.4%$220,000$209,5005%
Concord1,3351,2913.4%$207,000$191,0008.4%
Kannapolis5394958.9%$160,000$150,0006.7%
Fisher Town550%$77,500$22,000252.3%

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