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Gastonia Times

Wednesday, November 6, 2024

Gastonia home prices rise in the third quarter of 2020

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The median sale price of a home sold in the third quarter of 2020 in Gastonia rose by $16,500 while total sales increased by 9.3%, according to BlockShopper.com.

From July through September of 2020, there were 480 homes sold, with a median sale price of $175,000 - a 10.4% increase over the $158,500 median sale price for the same period of the previous year. There were 439 homes sold in Gastonia in the third quarter of 2019.

The median sales tax in Gastonia for the most recent year with available data, 2019, was $1,462, approximately 0.8% of the median home sale price for the third quarter of 2020.

The following table compares Gastonia to other Gaston County cities with similar median sales prices in the third quarter of 2020:

CityJuly - Sept. 2020 Home SalesJuly - Sept. 2019 Home Sales% change (Total Home Sales)July - Sept. 2020 Median Sales PriceJuly - Sept. 2019 Median Sales Price% change (Median Sales Price)
Lowell1524-37.5%$180,000$180,500-0.3%
Ranlo2228-21.4%$176,500$175,5000.6%
High Shoals24-50%$176,000$123,00043.1%
Stanley52488.3%$175,500$185,000-5.1%
Kings Mountain911-18.2%$175,000$125,00040%
Gastonia4804399.3%$175,000$158,50010.4%
McAdenville3250%$160,000$235,000-31.9%
Fallcrest12-50%$150,000$120,75024.2%
Goshen Grove110%$145,000$150,000-3.3%
Bessemer City3849-22.4%$132,000$115,00014.8%
Cherryville433910.3%$127,000$125,0001.6%

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