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Thursday, October 31, 2024

How did home prices perform in North Belmont during the first quarter of 2021?

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The median sale price of a home sold in the first quarter of 2021 in North Belmont rose by $55,000 while total sales remained unchanged with two homes sold, according to BlockShopper.com.

From January through March of 2021, there were two homes sold, with a median sale price of $160,000 - a 52.4% increase over the $105,000 median sale price for the same period of the previous year. There were two homes sold in North Belmont in the first quarter of 2020, as well.

The median sales tax in North Belmont for the most recent year with available data, 2019, was $1,174, approximately 0.7% of the median home sale price for the first quarter of 2021.

The following table compares North Belmont to other Gaston County cities with similar median sale prices in the first quarter of 2021:

CityJan. - Mar. 2021 Home SalesJan. - Mar. 2020 Home Sales% change (Total Home Sales)Jan. - Mar. 2021 Median Sales PriceJan. - Mar. 2020 Median Sales Price% change (Median Sales Price)
Dallas53498.2%$175,000$142,00023.2%
Gastonia39934416%$175,000$160,5009%
Springdale4333.3%$175,000$220,000-20.5%
Alexis10-$170,000$0-
Ranlo1721-19%$161,500$190,000-15%
North Belmont220%$160,000$105,00052.4%
Kings Mountain990%$155,500$165,000-5.8%
Fallcrest35-40%$155,000$152,0002%
Yorkwood14-75%$150,000$85,25076%
Vinton Woods3250%$135,000$187,500-28%
Cherryville412286.4%$130,000$126,0003.2%

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