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Wednesday, November 6, 2024

The second quarter of 2021: Wingate experienced a 51.9% increase in median home prices

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The median sale price of a home sold in the second quarter of 2021 in Wingate rose by $83,750 while total sales increased by 41.7%, according to BlockShopper.com.

From April through June of 2021, there were 17 homes sold, with a median sale price of $245,000 - a 51.9% increase over the $161,250 median sale price for the same period of the previous year. There were 12 homes sold in Wingate in the second quarter of 2020.

The median sales tax in Wingate for the most recent year with available data, 2019, was $1,168, approximately 0.5% of the median home sale price for the second quarter of 2021.

The following table compares Wingate to other Union County cities with similar median sale prices in the second quarter of 2021:

CityApr. - June 2021 Home SalesApr. - June 2020 Home Sales% change (Total Home Sales)Apr. - June 2021 Median Sales PriceApr. - June 2020 Median Sales Price% change (Median Sales Price)
Waxhaw22113168.7%$510,000$465,0009.7%
Fairview79-22.2%$405,000$362,00011.9%
Stallings513737.8%$356,000$315,00013%
Indian Trail15111531.3%$346,500$277,50024.9%
Hemby Bridge20-$307,000$0-
Lake Park11683.3%$295,000$262,00012.6%
Mineral Springs8560%$287,000$215,00033.5%
Monroe17410270.6%$274,750$222,50023.5%
Unionville198137.5%$245,000$280,500-12.7%
Wingate171241.7%$245,000$161,25051.9%
Marshville23230%$227,500$180,00026.4%

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