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Tuesday, November 5, 2024

Median home prices in Mineral Springs fell to $46,000 in May 2020

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The median sale price of a home sold in May 2020 in Mineral Springs fell by $248,000 while total sales decreased by 33.3%, according to BlockShopper.com.

In May 2020, there were two homes sold, with a median sale price of $46,000 - a 84.4% decrease over the $294,000 median sale price for the same period of the previous year. There were three homes sold in Mineral Springs in May 2019.

The median sales tax in Mineral Springs for the most recent year with available data, 2019, was $1,226, approximately 2.7% of the median home sale price for May 2020.

The following table compares Mineral Springs to other Union County cities with similar median sale prices in May 2020:

CityMay 2020 Home SalesMay 2019 Home Sales% change (Total Home Sales)May 2020 Median Sales PriceMay 2019 Median Sales Price% change (Median Sales Price)
Matthews440%$487,500$347,00040.5%
Waxhaw4561-26.2%$450,000$390,00015.4%
Wesley Chapel990%$420,000$410,0002.4%
Stallings1424-41.7%$315,000$267,50017.8%
Indian Trail4362-30.6%$262,000$278,750-6%
Monroe3355-40%$226,000$215,0005.1%
Fairview24-50%$218,500$320,000-31.7%
Unionville550%$205,000$259,000-20.8%
Marshville105100%$187,500$199,000-5.8%
Wingate4333.3%$175,750$205,500-14.5%
Mineral Springs23-33.3%$46,000$294,000-84.4%

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