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Thursday, December 26, 2024

Rising home prices in Lake Park in April 2021

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The median sale price of a home sold in April 2021 in Lake Park rose by $18,500 while total sales increased by 50%, according to BlockShopper.com.

In April 2021, there were six homes sold, with a median sale price of $274,500 - a 7.2% increase over the $256,000 median sale price for the same period of the previous year. There were four homes sold in Lake Park in April 2020.

The median sales tax in Lake Park for the most recent year with available data, 2019, was $1,304, approximately 0.5% of the median home sale price for April 2021.

The following table compares Lake Park to other Union County cities with similar median sale prices in April 2021:

CityApr. 2021 Home SalesApr. 2020 Home Sales% change (Total Home Sales)Apr. 2021 Median Sales PriceApr. 2020 Median Sales Price% change (Median Sales Price)
Waxhaw594628.3%$475,000$457,5003.8%
Indian Trail44432.3%$345,000$260,00032.7%
Stallings199111.1%$343,500$384,000-10.5%
Fairview36-50%$322,500$412,500-21.8%
Hemby Bridge20-$307,000$0-
Mineral Springs31200%$275,000$215,00027.9%
Lake Park6450%$274,500$256,0007.2%
Monroe554425%$270,000$210,50028.3%
Unionville3250%$245,000$280,500-12.7%
Wingate56-16.7%$225,000$122,50083.7%
Marshville912-25%$189,000$168,75012%

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