In February 2021, there were eight homes sold, with a median sale price of $153,750 - a 13.6% decrease over the $178,000 median sale price for the same period of the previous year. There were 11 homes sold in Ranlo in February 2020.
The median sales tax in Ranlo for the most recent year with available data, 2019, was $1,590, approximately 1% of the median home sale price for February 2021.
The following table compares Ranlo to other Gaston County cities with similar median sale prices in February 2021:
| City | Feb. 2021 Home Sales | Feb. 2020 Home Sales | % change (Total Home Sales) | Feb. 2021 Median Sales Price | Feb. 2020 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Lowell | 2 | 3 | -33.3% | $182,500 | $219,000 | -16.7% |
| Stanley | 17 | 12 | 41.7% | $175,000 | $151,500 | 15.5% |
| Gastonia | 141 | 118 | 19.5% | $170,000 | $160,000 | 6.3% |
| Cherryville | 19 | 6 | 216.7% | $160,000 | $50,500 | 216.8% |
| Springdale | 1 | 0 | - | $158,000 | $0 | - |
| Ranlo | 8 | 11 | -27.3% | $153,750 | $178,000 | -13.6% |
| Bessemer City | 17 | 15 | 13.3% | $145,000 | $107,500 | 34.9% |
| Fallcrest | 2 | 2 | 0% | $120,000 | $112,500 | 6.7% |
| Kings Mountain | 5 | 2 | 150% | $100,000 | $95,000 | 5.3% |
| High Shoals | 2 | 1 | 100% | $98,250 | $65,000 | 51.2% |
| West Cramerton | 3 | 0 | - | $95,000 | $0 | - |
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