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Monday, November 25, 2024

What happened to the median home price in Fairview during 2019?

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The median sale price of a home sold in 2019 in Fairview rose by $80,500 while total sales decreased by 21.2%, according to BlockShopper.com.

From January through December of 2019, there were 26 homes sold, with a median sale price of $285,500 - a 39.3% increase over the $205,000 median sale price for the previous year. There were 33 homes sold in Fairview in 2018.

The median sales tax in Fairview for 2019 was $1,741. In 2018, the median sales tax was $1,687. This marks an increase of 3.2%. 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 Fairview to other Union County cities with similar median sale prices in 2019:

CityJan. - Dec. 2019 Home SalesJan. - Dec. 2018 Home Sales% change (Total Home Sales)Jan. - Dec. 2019 Median Sales PriceJan. - Dec. 2018 Median Sales Price% change (Median Sales Price)
Weddington134202-33.7%$642,500$585,0009.8%
Wesley Chapel98128-23.4%$432,000$390,50010.6%
Mint Hill660%$399,750$417,500-4.3%
Waxhaw650676-3.8%$380,000$367,0003.5%
Mineral Springs42412.4%$294,000$330,000-10.9%
Fairview2633-21.2%$285,500$205,00039.3%
Matthews25250%$279,000$280,000-0.4%
Unionville4885-43.5%$277,500$235,00018.1%
Stallings214289-26%$265,500$265,0000.2%
Indian Trail592649-8.8%$262,750$246,0006.8%
Lake Park5165-21.5%$219,000$228,000-3.9%

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