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Tuesday, November 5, 2024

Home prices increased in Waxhaw during May 2020

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The median sale price of a home sold in May 2020 in Waxhaw rose by $60,000 while total sales decreased by 26.2%, according to BlockShopper.com.

In May 2020, there were 45 homes sold, with a median sale price of $450,000 - a 15.4% increase over the $390,000 median sale price for the same period of the previous year. There were 61 homes sold in Waxhaw in May 2019.

The median sales tax in Waxhaw for the most recent year with available data, 2019, was $2,503, approximately 0.6% of the median home sale price for May 2020.

The following table compares Waxhaw 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)
Weddington69-33.3%$687,500$660,0004.2%
Marvin1112-8.3%$620,000$805,500-23%
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%

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