From January through December of 2019, there were 42 homes sold, with a median sale price of $294,000 - a 10.9% decrease over the $330,000 median sale price for the previous year. There were 41 homes sold in Mineral Springs in 2018.
The median sales tax in Mineral Springs for 2019 was $1,226. In 2018, the median sales tax was $1,200. This marks an increase of 2.1%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 0.4%.
The following table compares Mineral Springs to other Union County cities with similar median sale prices in 2019:
| City | Jan. - Dec. 2019 Home Sales | Jan. - Dec. 2018 Home Sales | % change (Total Home Sales) | Jan. - Dec. 2019 Median Sales Price | Jan. - Dec. 2018 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Marvin | 96 | 111 | -13.5% | $680,250 | $618,000 | 10.1% |
| Weddington | 134 | 202 | -33.7% | $642,500 | $585,000 | 9.8% |
| Wesley Chapel | 98 | 128 | -23.4% | $432,000 | $390,500 | 10.6% |
| Mint Hill | 6 | 6 | 0% | $399,750 | $417,500 | -4.3% |
| Waxhaw | 650 | 676 | -3.8% | $380,000 | $367,000 | 3.5% |
| Mineral Springs | 42 | 41 | 2.4% | $294,000 | $330,000 | -10.9% |
| Fairview | 26 | 33 | -21.2% | $285,500 | $205,000 | 39.3% |
| Matthews | 25 | 25 | 0% | $279,000 | $280,000 | -0.4% |
| Unionville | 48 | 85 | -43.5% | $277,500 | $235,000 | 18.1% |
| Stallings | 214 | 289 | -26% | $265,500 | $265,000 | 0.2% |
| Indian Trail | 592 | 649 | -8.8% | $262,750 | $246,000 | 6.8% |
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