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Thursday, October 31, 2024

The first quarter of 2021: Home prices in Springdale fell

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The median sale price of a home sold in the first quarter of 2021 in Springdale fell by $45,000 while total sales increased by 33.3%, according to BlockShopper.com.

From January through March of 2021, there were four homes sold, with a median sale price of $175,000 - a 20.5% decrease over the $220,000 median sale price for the same period of the previous year. There were three homes sold in Springdale in the first quarter of 2020.

The median sales tax in Springdale for the most recent year with available data, 2019, was $1,119, approximately 0.6% of the median home sale price for the first quarter of 2021.

The following table compares Springdale 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)
Goshen Grove20-$202,500$0-
Bessemer City423810.5%$178,500$122,75045.4%
Stanley423520%$177,500$155,00014.5%
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%

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