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Wednesday, November 6, 2024

Marvin home prices rose in the first half of 2021

Re 6

The median sale price of a home sold in the first half of 2021 in Marvin rose by $177,000 while total sales increased by 21.6%, according to BlockShopper.com.

From January through June of 2021, there were 45 homes sold, with a median sale price of $825,000 - a 27.3% increase over the $648,000 median sale price for the same period of the previous year. There were 37 homes sold in Marvin in the first half of 2020.

The median sales tax in Marvin for the most recent year with available data, 2019, was $4,484, approximately 0.5% of the median home sale price for the first half of 2021.

The following table compares Marvin to other Union County cities with similar median sale prices in the first half of 2021:

CityJan. - June 2021 Home SalesJan. - June 2020 Home Sales% change (Total Home Sales)Jan. - June 2021 Median Sales PriceJan. - June 2020 Median Sales Price% change (Median Sales Price)
Weddington8038110.5%$835,500$616,75035.5%
Marvin453721.6%$825,000$648,00027.3%
Matthews1115-26.7%$535,000$480,00011.5%
Wesley Chapel41410%$510,000$420,00021.4%
Mint Hill330%$510,000$278,00083.5%
Waxhaw33426327%$481,250$415,00016%
Fairview161233.3%$372,500$368,5001.1%
Stallings8486-2.3%$342,000$296,00015.5%
Indian Trail2602379.7%$335,000$279,00020.1%
Hemby Bridge52150%$296,000$250,75018%
Lake Park16160%$281,250$252,50011.4%

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