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Friday, November 1, 2024

Kings Mountain median home prices rose by 5.3% in February 2021

Realestate5

The median sale price of a home sold in February 2021 in Kings Mountain rose by $5,000 while total sales increased by 150%, according to BlockShopper.com.

In February 2021, there were five homes sold, with a median sale price of $100,000 - a 5.3% increase over the $95,000 median sale price for the same period of the previous year. There were two homes sold in Kings Mountain in February 2020.

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 2021.

The following table compares Kings Mountain to other Gaston County cities with similar median sale prices in February 2021:

CityFeb. 2021 Home SalesFeb. 2020 Home Sales% change (Total Home Sales)Feb. 2021 Median Sales PriceFeb. 2020 Median Sales Price% change (Median Sales Price)
Stanley171241.7%$175,000$151,50015.5%
Gastonia14111819.5%$170,000$160,0006.3%
Cherryville196216.7%$160,000$50,500216.8%
Springdale10-$158,000$0-
Ranlo811-27.3%$153,750$178,000-13.6%
Bessemer City171513.3%$145,000$107,50034.9%
Fallcrest220%$120,000$112,5006.7%
Kings Mountain52150%$100,000$95,0005.3%
High Shoals21100%$98,250$65,00051.2%
West Cramerton30-$95,000$0-
Brown Town10-$25,000$0-

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