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Gastonia Times

Wednesday, November 6, 2024

Bessemer City home prices rise in October 2020

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The median sale price of a home sold in October 2020 in Bessemer City rose by $29,000 while total sales increased by 25%, according to BlockShopper.com.

In October 2020, there were 20 homes sold, with a median sale price of $134,000 - a 27.6% increase over the $105,000 median sale price for the same period of the previous year. There were 16 homes sold in Bessemer City in October 2019.

The median sales tax in Bessemer City for the most recent year with available data, 2019, was $1,113, approximately 0.8% of the median home sale price for October 2020.

The following table compares Bessemer City to other Gaston County cities with similar median sales prices in October 2020:

CityOct. 2020 Home SalesOct. 2019 Home Sales% change (Total Home Sales)Oct. 2020 Median Sales PriceOct. 2019 Median Sales Price% change (Median Sales Price)
Stanley15887.5%$202,000$161,00025.5%
Lowell613-53.8%$199,500$143,50039%
Alexis110%$180,000$360,000-50%
Gastonia161178-9.6%$174,000$162,5007.1%
Dallas171330.8%$169,000$145,00016.6%
Bessemer City201625%$134,000$105,00027.6%
Springwood23-33.3%$121,250$70,00073.2%
Cherryville1317-23.5%$110,000$156,000-29.5%
North Belmont21100%$103,250$170,000-39.3%
Ashebrook Park10-$100,000$0-
South Gastonia10-$49,500$0-

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