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Foothills Review

Monday, November 25, 2024

Kings Mountain home prices fall in August 2019

Re 11

The median sale price of a home sold in August 2019 in Kings Mountain fell by $5,000 while total sales decreased by 44.4%, according to BlockShopper.com.

In August 2019, there were five homes sold, with a median sale price of $105,000 - a 4.5% decrease over the $110,000 median sale price for the same period of the previous year. There were nine homes sold in Kings Mountain in August 2018.

The median sales tax in Kings Mountain for the most recent year with available data, 2015, was $714, approximately 0.7% of the median home sale price for August 2019.

The following table compares Kings Mountain to other Gaston County cities with similar median sales prices in August 2019:

CityAug. 2019 Home SalesAug. 2018 Home Sales% change (Total Home Sales)Aug. 2019 Median Sales PriceAug. 2018 Median Sales Price% change (Median Sales Price)
Brown Town110%$165,000$62,500164%
Gastonia16914119.9%$150,000$160,000-6.3%
West Cramerton10-$148,000$0-
Cherryville171330.8%$140,000$100,00040%
Yorkwood10-$123,000$0-
South Gastonia110%$118,000$34,000247.1%
Springdale10-$115,000$0-
Dallas2224-8.3%$106,000$141,000-24.8%
Kings Mountain59-44.4%$105,000$110,000-4.5%
Bessemer City2412100%$95,500$106,500-10.3%
Fallcrest110%$87,500$140,000-37.5%

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