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Saturday, December 28, 2024

What happened to the median home price in Wesley Chapel 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 Wesley Chapel rose by $97,000 while total sales decreased by 12%, according to BlockShopper.com.

From April through June of 2021, there were 22 homes sold, with a median sale price of $517,000 - a 23.1% increase over the $420,000 median sale price for the same period of the previous year. There were 25 homes sold in Wesley Chapel in the second quarter of 2020.

The median sales tax in Wesley Chapel for the most recent year with available data, 2019, was $2,590, approximately 0.5% of the median home sale price for the second quarter of 2021.

The following table compares Wesley Chapel 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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