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Gastonia Times

Saturday, November 23, 2024

January 2021: Bessemer City experienced a 53.5% increase in median home prices

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The median sale price of a home sold in January 2021 in Bessemer City rose by $68,000 while total sales decreased by 25%, according to BlockShopper.com.

In January 2021, there were nine homes sold, with a median sale price of $195,000 - a 53.5% increase over the $127,000 median sale price for the same period of the previous year. There were 12 homes sold in Bessemer City in January 2020.

The median sales tax in Bessemer City for the most recent year with available data, 2019, was $1,113, approximately 0.6% of the median home sale price for January 2021.

The following table compares Bessemer City to other Gaston County cities with similar median sale prices in January 2021:

CityJan. 2021 Home SalesJan. 2020 Home Sales% change (Total Home Sales)Jan. 2021 Median Sales PriceJan. 2020 Median Sales Price% change (Median Sales Price)
Belmont1834-47.1%$222,500$268,250-17.1%
Mount Holly201266.7%$215,500$227,000-5.1%
Kings Mountain440%$205,500$142,50044.2%
Ranlo440%$201,750$135,00049.4%
Cramerton105100%$200,000$465,000-57%
Bessemer City912-25%$195,000$127,00053.5%
Alexis10-$170,000$0-
Ashebrook Park10-$166,000$0-
Dallas13130%$160,000$141,00013.5%
Gastonia1129913.1%$158,000$147,0007.5%
Cherryville8633.3%$151,500$135,00012.2%

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