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Wednesday, November 6, 2024

Rising home prices in Mineral Springs in June 2021

Re 6

The median sale price of a home sold in June 2021 in Mineral Springs rose by $106,500 while total sales remained unchanged with two homes sold, according to BlockShopper.com.

In June 2021, there were two homes sold, with a median sale price of $561,500 - a 23.4% increase over the $455,000 median sale price for the same period of the previous year. There were two homes sold in Mineral Springs in June 2020, as well.

The median sales tax in Mineral Springs for the most recent year with available data, 2019, was $1,226, approximately 0.2% of the median home sale price for June 2021.

The following table compares Mineral Springs to other Union County cities with similar median sale prices in June 2021:

CityJune 2021 Home SalesJune 2020 Home Sales% change (Total Home Sales)June 2021 Median Sales PriceJune 2020 Median Sales Price% change (Median Sales Price)
Marvin8560%$875,000$750,00016.7%
Weddington186200%$838,250$667,00025.7%
Matthews110%$589,000$278,000111.9%
Mineral Springs220%$561,500$455,00023.4%
Mint Hill21100%$540,000$339,00059.3%
Waxhaw10440160%$537,500$483,75011.1%
Fairview21100%$532,000$225,500135.9%
Wesley Chapel9728.6%$511,000$402,00027.1%
Stallings1314-7.1%$379,500$288,75031.4%
Indian Trail6729131%$349,500$315,00011%
Lake Park3250%$327,000$284,75014.8%

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