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Tuesday, November 5, 2024

Falling home prices in Wingate in May 2020

Re 5

The median sale price of a home sold in May 2020 in Wingate fell by $29,750 while total sales increased by 33.3%, according to BlockShopper.com.

In May 2020, there were four homes sold, with a median sale price of $175,750 - a 14.5% decrease over the $205,500 median sale price for the same period of the previous year. There were three homes sold in Wingate in May 2019.

The median sales tax in Wingate for the most recent year with available data, 2019, was $1,168, approximately 0.7% of the median home sale price for May 2020.

The following table compares Wingate 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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