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Monday, November 25, 2024

Home prices increased in Waxhaw during 2019

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The median sale price of a home sold in 2019 in Waxhaw rose by $13,000 while total sales decreased by 3.8%, according to BlockShopper.com.

From January through December of 2019, there were 650 homes sold, with a median sale price of $380,000 - a 3.5% increase over the $367,000 median sale price for the previous year. There were 676 homes sold in Waxhaw in 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 0.7%.

The following table compares Waxhaw 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)
Marvin96111-13.5%$680,250$618,00010.1%
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%

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