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Saturday, November 16, 2024

Rising home prices in Wingate in the third quarter of 2020

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The median sale price of a home sold in the third quarter of 2020 in Wingate rose by $10,000 while total sales decreased by 46.2%, according to BlockShopper.com.

From July through September of 2020, there were seven homes sold, with a median sale price of $190,000 - a 5.6% increase over the $180,000 median sale price for the same period of the previous year. There were 13 homes sold in Wingate in the third quarter of 2019.

The median sales tax in Wingate for the most recent year with available data, 2019, was $1,168, approximately 0.6% of the median home sale price for the third quarter of 2020.

The following table compares Wingate to other Union County cities with similar median sale prices in the third quarter of 2020:

CityJuly - Sept. 2020 Home SalesJuly - Sept. 2019 Home Sales% change (Total Home Sales)July - Sept. 2020 Median Sales PriceJuly - Sept. 2019 Median Sales Price% change (Median Sales Price)
Matthews610-40%$455,000$268,50069.5%
Waxhaw117203-42.4%$445,000$425,0004.7%
Wesley Chapel1834-47.1%$427,500$440,000-2.8%
Mineral Springs210-80%$355,000$227,50056%
Stallings3064-53.1%$307,500$282,2508.9%
Indian Trail72169-57.4%$288,500$260,00011%
Unionville511-54.5%$255,500$312,500-18.2%
Lake Park316-81.3%$240,000$235,0002.1%
Monroe67177-62.1%$234,500$216,0008.6%
Marshville13128.3%$200,000$169,25018.2%
Wingate713-46.2%$190,000$180,0005.6%

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