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Gastonia Times

Wednesday, November 6, 2024

Belmont home prices fall in October 2020

Realestate3

Adobe Stock

Adobe Stock

The median sale price of a home sold in October 2020 in Belmont fell by $36,000 while total sales increased by 2.9%, according to BlockShopper.com.

In October 2020, there were 35 homes sold, with a median sale price of $250,000 - a 12.6% decrease over the $286,000 median sale price for the same period of the previous year. There were 34 homes sold in Belmont in October 2019.

The median sales tax in Belmont for the most recent year with available data, 2019, was $2,245, approximately 0.9% of the median home sale price for October 2020.

The following table compares Belmont 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)
Cramerton11683.3%$497,000$173,500186.5%
McAdenville23-33.3%$350,000$217,00061.3%
Belmont35342.9%$250,000$286,000-12.6%
Vinton Woods20-$246,250$0-
Mount Holly3236-11.1%$242,500$181,00034%
Springdale12-50%$240,000$106,000126.4%
Kings Mountain26-66.7%$225,000$163,25037.8%
Ranlo121020%$203,500$171,00019%
Stanley15887.5%$202,000$161,00025.5%
Lowell613-53.8%$199,500$143,50039%
Alexis110%$180,000$360,000-50%

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