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Foothills Review

Monday, April 29, 2024

November 2020: Home prices in Kings Mountain increased

Re 14

The median sale price of a home sold in November 2020 in Kings Mountain rose by $71,000 while total sales decreased by 60%, according to BlockShopper.com.

In November 2020, there were two homes sold, with a median sale price of $186,000 - a 61.7% increase over the $115,000 median sale price for the same period of the previous year. There were five homes sold in Kings Mountain in November 2019.

The median sales tax in Kings Mountain for the most recent year with available data, 2019, was $1,162, approximately 0.6% of the median home sale price for November 2020.

The following table compares Kings Mountain to other Gaston County cities with similar median sale prices in November 2020:

CityNov. 2020 Home SalesNov. 2019 Home Sales% change (Total Home Sales)Nov. 2020 Median Sales PriceNov. 2019 Median Sales Price% change (Median Sales Price)
Belmont24234.3%$310,000$230,00034.8%
Cramerton151136.4%$240,000$268,500-10.6%
Mount Holly31310%$238,000$221,5007.4%
Lowell94125%$232,500$151,50053.5%
Kings Mountain25-60%$186,000$115,00061.7%
Bessemer City416-75%$185,000$139,50032.6%
Stanley13785.7%$180,000$257,500-30.1%
Gastonia15713912.9%$179,000$137,00030.7%
Brown Town10-$169,000$0-
Ranlo84100%$167,750$135,50023.8%
Dallas1415-6.7%$167,250$184,000-9.1%

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