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Monday, November 25, 2024

Rising home prices in Midland (Cabarrus County) in February 2021

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The median sale price of a home sold in February 2021 in Midland in Cabarrus County rose by $74,250 while total sales remained unchanged with 12 homes sold, according to BlockShopper.com.

In February 2021, there were 12 homes sold, with a median sale price of $265,000 - a 38.9% increase over the $190,750 median sale price for the same period of the previous year. There were 12 homes sold in Midland in February 2020, as well.

The median sales tax in Midland for the most recent year with available data, 2019, was $1,244, approximately 0.5% of the median home sale price for February 2021.

The following table compares Midland to other Cabarrus County cities in February 2021:

CityFeb. 2021 Home SalesFeb. 2020 Home Sales% change (Total Home Sales)Feb. 2021 Median Sales PriceFeb. 2020 Median Sales Price% change (Median Sales Price)
Harrisburg26254%$319,500$325,000-1.7%
Mount Pleasant3250%$296,500$128,750130.3%
Midland12120%$265,000$190,75038.9%
Locust20-$254,000$0-
Concord1761684.8%$232,750$199,00017%
Charlotte52150%$209,000$93,000124.7%
Kannapolis68654.6%$158,750$165,000-3.8%
Fisher Town12-50%$66,000$80,750-18.3%
* This story only considers sales data for the part of Midland that is in Cabarrus County.

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