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Wednesday, November 6, 2024

What happened to the median home price in Mineral Springs during May 2021?

Realestate5

The median sale price of a home sold in May 2021 in Mineral Springs rose by $253,000 while total sales increased by 50%, according to BlockShopper.com.

In May 2021, there were three homes sold, with a median sale price of $299,000 - a 550% increase over the $46,000 median sale price for the same period of the previous year. There were two homes sold in Mineral Springs in May 2020.

The median sales tax in Mineral Springs for the most recent year with available data, 2019, was $1,226, approximately 0.4% of the median home sale price for May 2021.

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

CityMay 2021 Home SalesMay 2020 Home Sales% change (Total Home Sales)May 2021 Median Sales PriceMay 2020 Median Sales Price% change (Median Sales Price)
Mint Hill10-$483,500$0-
Waxhaw584528.9%$478,750$450,0006.4%
Fairview220%$430,000$218,50096.8%
Stallings191435.7%$356,500$315,00013.2%
Indian Trail4043-7%$348,500$262,00033%
Marshville610-40%$315,000$187,50068%
Lake Park20-$301,000$0-
Mineral Springs3250%$299,000$46,000550%
Monroe503351.5%$268,000$226,00018.6%
Wingate84100%$253,750$175,75044.4%
Unionville115120%$249,000$205,00021.5%

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