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Wednesday, November 6, 2024

Rising home prices in Mineral Springs in the second quarter of 2021

Realestate2

The median sale price of a home sold in the second quarter of 2021 in Mineral Springs rose by $72,000 while total sales increased by 60%, according to BlockShopper.com.

From April through June of 2021, there were eight homes sold, with a median sale price of $287,000 - a 33.5% increase over the $215,000 median sale price for the same period of the previous year. There were five homes sold in Mineral Springs in the second quarter of 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 the second quarter of 2021.

The following table compares Mineral Springs 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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