The median sale price of a home sold in the first half of 2017 in Marvin fell by $67,250 while total sales decreased by 29.2%, according to BlockShopper.com.
From January through June of 2017, there were 51 homes sold, with a median sale price of $650,000 – a 9.4% decrease over the $717,250 median sale price for the same period of the previous year. There were 72 homes sold in Marvin in the first half of 2016.
The median sales tax in Marvin for 2017 was $4,712. In 2016, the median sales tax was $4,558. This marks an increase of 3.4%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 0.7%.
The following table compares Marvin to other Union County cities with similar median sale prices in the first half of 2017:
| City | Jan. – June 2017 Home Sales | Jan. – June 2016 Home Sales | % change (Total Home Sales) | Jan. – June 2017 Median Sales Price | Jan. – June 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Marvin | 51 | 72 | -29.2% | $650,000 | $717,250 | -9.4% |
| Weddington | 70 | 91 | -23.1% | $636,500 | $587,000 | 8.4% |
| Wesley Chapel | 51 | 81 | -37% | $385,000 | $362,000 | 6.4% |
| Waxhaw | 286 | 376 | -23.9% | $378,000 | $366,500 | 3.1% |
| Mint Hill | 3 | 2 | 50% | $345,000 | $405,000 | -14.8% |
| Matthews | 13 | 12 | 8.3% | $295,000 | $368,000 | -19.8% |
| Mineral Springs | 26 | 22 | 18.2% | $242,500 | $209,000 | 16% |
| Stallings | 103 | 131 | -21.4% | $240,000 | $219,000 | 9.6% |
| Indian Trail | 233 | 389 | -40.1% | $240,000 | $230,000 | 4.3% |
| Monroe | 247 | 393 | -37.2% | $185,000 | $165,500 | 11.8% |
| Hemby Bridge | 8 | 5 | 60% | $177,500 | $160,000 | 10.9% |
