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Wednesday, November 6, 2024

Pricing for the median home in Waxhaw increased during the second quarter of 2021

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The median sale price of a home sold in the second quarter of 2021 in Waxhaw rose by $45,000 while total sales increased by 68.7%, according to BlockShopper.com.

From April through June of 2021, there were 221 homes sold, with a median sale price of $510,000 - a 9.7% increase over the $465,000 median sale price for the same period of the previous year. There were 131 homes sold in Waxhaw in the second quarter of 2020.

The median sales tax in Waxhaw for the most recent year with available data, 2019, was $2,503, approximately 0.5% of the median home sale price for the second quarter of 2021.

The following table compares Waxhaw 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)
Weddington5017194.1%$937,500$645,50045.2%
Marvin312334.8%$792,000$675,00017.3%
Matthews57-28.6%$550,000$480,00014.6%
Wesley Chapel2225-12%$517,000$420,00023.1%
Mint Hill31200%$510,000$339,00050.4%
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%

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