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Tuesday, November 5, 2024

Waxhaw median home prices rose by 19.5% in August 2019

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The median sale price of a home sold in August 2019 in Waxhaw rose by $72,000 while total sales decreased by 28.9%, according to BlockShopper.com.

In August 2019, there were 69 homes sold, with a median sale price of $442,000 - a 19.5% increase over the $370,000 median sale price for the same period of the previous year. There were 97 homes sold in Waxhaw in August 2018.

The median sales tax in Waxhaw for 2019 was $2,503. In 2018, the median sales tax was $2,497. This marks an increase of 0.2%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 0.6%.

The following table compares Waxhaw to other Union County cities with similar median sale prices in August 2019:

CityAug. 2019 Home SalesAug. 2018 Home Sales% change (Total Home Sales)Aug. 2019 Median Sales PriceAug. 2018 Median Sales Price% change (Median Sales Price)
Weddington1821-14.3%$702,750$590,00019.1%
Marvin1116-31.3%$565,000$602,500-6.2%
Wesley Chapel718-61.1%$495,000$365,00035.6%
Waxhaw6997-28.9%$442,000$370,00019.5%
Mineral Springs440%$382,500$447,500-14.5%
Unionville710-30%$382,000$248,50053.7%
Lake Park46-33.3%$325,000$234,50038.6%
Matthews330%$270,000$235,00014.9%
Stallings2530-16.7%$267,000$283,250-5.7%
Indian Trail6485-24.7%$254,500$245,0003.9%
Monroe6676-13.2%$208,500$183,50013.6%

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