From July through September of 2019, there were 10 homes sold, with a median sale price of $268,500 - a 4.9% increase over the $256,000 median sale price for the same period of the previous year. There were nine homes sold in Matthews in the third quarter of 2018.
The median sales tax in Matthews for 2019 was $2,181. In 2018, the median sales tax was $2,181, as well. The effective property tax rate, using the median property tax and median home sale price as the basis, is 0.8%.
The following table compares Matthews to other Union County cities with similar median sale prices in the third quarter of 2019:
| City | July - Sept. 2019 Home Sales | July - Sept. 2018 Home Sales | % change (Total Home Sales) | July - Sept. 2019 Median Sales Price | July - Sept. 2018 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Weddington | 48 | 66 | -27.3% | $637,500 | $622,500 | 2.4% |
| Wesley Chapel | 34 | 47 | -27.7% | $440,000 | $385,000 | 14.3% |
| Waxhaw | 203 | 216 | -6% | $425,000 | $361,000 | 17.7% |
| Unionville | 11 | 27 | -59.3% | $312,500 | $251,000 | 24.5% |
| Stallings | 64 | 100 | -36% | $282,250 | $272,500 | 3.6% |
| Matthews | 10 | 9 | 11.1% | $268,500 | $256,000 | 4.9% |
| Indian Trail | 169 | 213 | -20.7% | $260,000 | $244,000 | 6.6% |
| Lake Park | 16 | 19 | -15.8% | $235,000 | $229,000 | 2.6% |
| Mineral Springs | 10 | 13 | -23.1% | $227,500 | $260,000 | -12.5% |
| Monroe | 177 | 208 | -14.9% | $216,000 | $188,250 | 14.7% |
| Fairview | 3 | 10 | -70% | $189,000 | $181,000 | 4.4% |
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