In October 2020, there were two homes sold, with a median sale price of $121,250 - a 73.2% increase over the $70,000 median sale price for the same period of the previous year. There were three homes sold in Springwood in October 2019.
The median sales tax in Springwood for the most recent year with available data, 2019, was $691, approximately 0.6% of the median home sale price for October 2020.
The following table compares Springwood to other Gaston County cities with similar median sales prices in October 2020:
| City | Oct. 2020 Home Sales | Oct. 2019 Home Sales | % change (Total Home Sales) | Oct. 2020 Median Sales Price | Oct. 2019 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Stanley | 15 | 8 | 87.5% | $202,000 | $161,000 | 25.5% |
| Lowell | 6 | 13 | -53.8% | $199,500 | $143,500 | 39% |
| Alexis | 1 | 1 | 0% | $180,000 | $360,000 | -50% |
| Gastonia | 161 | 178 | -9.6% | $174,000 | $162,500 | 7.1% |
| Dallas | 17 | 13 | 30.8% | $169,000 | $145,000 | 16.6% |
| Bessemer City | 20 | 16 | 25% | $134,000 | $105,000 | 27.6% |
| Springwood | 2 | 3 | -33.3% | $121,250 | $70,000 | 73.2% |
| Cherryville | 13 | 17 | -23.5% | $110,000 | $156,000 | -29.5% |
| North Belmont | 2 | 1 | 100% | $103,250 | $170,000 | -39.3% |
| Ashebrook Park | 1 | 0 | - | $100,000 | $0 | - |
| South Gastonia | 1 | 0 | - | $49,500 | $0 | - |
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