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Tuesday, November 5, 2024

Fairview home prices fell in May 2020

Re 10

The median sale price of a home sold in May 2020 in Fairview fell by $101,500 while total sales decreased by 50%, according to BlockShopper.com.

In May 2020, there were two homes sold, with a median sale price of $218,500 - a 31.7% decrease over the $320,000 median sale price for the same period of the previous year. There were four homes sold in Fairview in May 2019.

The median sales tax in Fairview for the most recent year with available data, 2019, was $1,741, approximately 0.8% of the median home sale price for May 2020.

The following table compares Fairview 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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