In July 2020, there were five homes sold, with a median sale price of $286,000 - a 8.8% increase over the $262,750 median sale price for the same period of the previous year. There were two homes sold in Locust in July 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 July 2020.
The following table compares Locust to other Cabarrus County cities in July 2020:
| City | July 2020 Home Sales | July 2019 Home Sales | % change (Total Home Sales) | July 2020 Median Sales Price | July 2019 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Locust | 5 | 2 | 150% | $286,000 | $262,750 | 8.8% |
| Harrisburg | 55 | 53 | 3.8% | $270,000 | $315,000 | -14.3% |
| Midland | 18 | 17 | 5.9% | $250,000 | $237,500 | 5.3% |
| Concord | 246 | 260 | -5.4% | $244,750 | $225,000 | 8.8% |
| Charlotte | 3 | 8 | -62.5% | $208,000 | $233,000 | -10.7% |
| Mount Pleasant | 6 | 3 | 100% | $201,500 | $95,000 | 112.1% |
| Kannapolis | 114 | 99 | 15.2% | $179,500 | $150,000 | 19.7% |
| Fisher Town | 1 | 0 | - | $144,000 | $0 | - |
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