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Monday, November 4, 2024

January 2021: Home prices in Marvin increased

Re 8

The median sale price of a home sold in January 2021 in Marvin rose by $199,500 while total sales decreased by 33.3%, according to BlockShopper.com.

In January 2021, there were two homes sold, with a median sale price of $796,500 - a 33.4% increase over the $597,000 median sale price for the same period of the previous year. There were three homes sold in Marvin in January 2020.

The median sales tax in Marvin for the most recent year with available data, 2019, was $4,484, approximately 0.6% of the median home sale price for January 2021.

The following table compares Marvin to other Union County cities with similar median sale prices in January 2021:

CityJan. 2021 Home SalesJan. 2020 Home Sales% change (Total Home Sales)Jan. 2021 Median Sales PriceJan. 2020 Median Sales Price% change (Median Sales Price)
Marvin23-33.3%$796,500$597,00033.4%
Weddington8560%$690,000$649,0006.3%
Matthews23-33.3%$627,000$342,00083.3%
Waxhaw2536-30.6%$443,000$353,50025.3%
Wesley Chapel78-12.5%$433,000$434,500-0.3%
Fairview3250%$421,000$468,500-10.1%
Mineral Springs30-$400,000$0-
Stallings1018-44.4%$326,750$295,50010.6%
Indian Trail2434-29.4%$324,000$291,25011.2%
Monroe322910.3%$260,000$218,00019.3%
Unionville26-66.7%$255,000$310,000-17.7%

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