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Wednesday, December 25, 2024

Falling home prices in Indian Trail in July 2020

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The median sale price of a home sold in July 2020 in Indian Trail fell by $4,000 while total sales decreased by 46.9%, according to BlockShopper.com.

In July 2020, there were 34 homes sold, with a median sale price of $261,000 - a 1.5% decrease over the $265,000 median sale price for the same period of the previous year. There were 64 homes sold in Indian Trail in July 2019.

The median sales tax in Indian Trail for the most recent year with available data, 2019, was $1,509, approximately 0.6% of the median home sale price for July 2020.

The following table compares Indian Trail to other Union County cities with similar median sale prices in July 2020:

CityJuly 2020 Home SalesJuly 2019 Home Sales% change (Total Home Sales)July 2020 Median Sales PriceJuly 2019 Median Sales Price% change (Median Sales Price)
Matthews23-33.3%$471,250$245,00092.3%
Wesley Chapel622-72.7%$470,000$415,00013.3%
Waxhaw4281-48.1%$430,000$450,000-4.4%
Stallings1320-35%$305,000$281,2508.4%
Wingate24-50%$277,500$177,50056.3%
Indian Trail3464-46.9%$261,000$265,000-1.5%
Unionville23-33.3%$248,250$215,00015.5%
Mineral Springs12-50%$235,000$171,50037%
Monroe2463-61.9%$233,250$215,0008.5%
Marshville6520%$224,000$217,5003%
Lake Park16-83.3%$192,500$198,500-3%

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