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Gastonia Times

Thursday, November 7, 2024

Kings Mountain home prices fall in June 2020

Realestate2

The median sale price of a home sold in June 2020 in Kings Mountain fell by $71,000 while total sales remained unchanged with five homes sold, according to BlockShopper.com.

In June 2020, there were five homes sold, with a median sale price of $54,000 - a 56.8% decrease over the $125,000 median sale price for the same period of the previous year. There were five homes sold in Kings Mountain in June 2019, as well.

The median sales tax in Kings Mountain for the most recent year with available data, 2019, was $1,162, approximately 2.2% of the median home sale price for June 2020.

The following table compares Kings Mountain to other Gaston County cities with similar median sales prices in June 2020:

CityJune 2020 Home SalesJune 2019 Home Sales% change (Total Home Sales)June 2020 Median Sales PriceJune 2019 Median Sales Price% change (Median Sales Price)
Gastonia17213824.6%$175,000$171,2502.2%
High Shoals13-66.7%$175,000$112,50055.6%
Stanley12771.4%$165,000$250,000-34%
Dallas21205%$156,000$182,500-14.5%
Fallcrest10-$152,000$0-
Yorkwood12-50%$143,000$135,2505.7%
Cherryville12850%$138,500$100,00038.5%
West Cramerton10-$113,500$0-
Bessemer City1112-8.3%$110,000$86,00027.9%
Brown Town20-$91,500$0-
Kings Mountain550%$54,000$125,000-56.8%

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