The median sale price of a home sold in May 2017 in Charlotte fell by $143,500 while total sales increased by 80%, according to BlockShopper.com.
In May 2017, there were nine homes sold, with a median sale price of $131,500 – a 52.2% decrease over the $275,000 median sale price for the same period of the previous year. There were five homes sold in Charlotte in May 2016.
The median sales tax in Charlotte for 2017 was $1,141. In 2016, the median sales tax was $1,111. This marks an increase of 2.6%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 0.9%.
The following table compares Charlotte to other Cabarrus County cities in May 2017:
| City | May 2017 Home Sales | May 2016 Home Sales | % change (Total Home Sales) | May 2017 Median Sales Price | May 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Harrisburg | 46 | 61 | -24.6% | $234,000 | $270,000 | -13.3% |
| Midland | 12 | 10 | 20% | $192,500 | $180,000 | 6.9% |
| Locust | 2 | 3 | -33.3% | $173,250 | $123,500 | 40.3% |
| Concord | 248 | 275 | -9.8% | $171,000 | $160,000 | 6.9% |
| Mount Pleasant | 2 | 4 | -50% | $155,000 | $93,500 | 65.8% |
| Charlotte | 9 | 5 | 80% | $131,500 | $275,000 | -52.2% |
| Kannapolis | 82 | 86 | -4.7% | $119,000 | $140,000 | -15% |
| Fisher Town | 1 | 0 | – | $37,000 | $0 | – |
