In November 2020, there were three homes sold, with a median sale price of $326,000 - a 24.3% increase over the $262,250 median sale price for the same period of the previous year. There were two homes sold in Locust in November 2019.
The median sales tax in Locust for the most recent year with available data, 2019, was $1,474, approximately 0.5% of the median home sale price for November 2020.
The following table compares Locust to other Cabarrus County cities in November 2020:
| City | Nov. 2020 Home Sales | Nov. 2019 Home Sales | % change (Total Home Sales) | Nov. 2020 Median Sales Price | Nov. 2019 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Harrisburg | 28 | 24 | 16.7% | $337,750 | $238,000 | 41.9% |
| Locust | 3 | 2 | 50% | $326,000 | $262,250 | 24.3% |
| Mount Pleasant | 5 | 0 | - | $250,000 | $0 | - |
| Concord | 209 | 181 | 15.5% | $248,000 | $186,000 | 33.3% |
| Kannapolis | 101 | 84 | 20.2% | $183,000 | $169,500 | 8% |
| Charlotte | 3 | 6 | -50% | $177,000 | $335,500 | -47.2% |
| Midland | 13 | 14 | -7.1% | $69,000 | $132,000 | -47.7% |
| Fisher Town | 0 | 0 | - | $0 | $0 | - |
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