In May 2020, there were 65 homes sold, with a median sale price of $159,000 - a 1% increase over the $157,500 median sale price for the same period of the previous year. There were 91 homes sold in Kannapolis in May 2019.
The median sales tax in Kannapolis for the most recent year with available data, 2019, was $1,384, approximately 0.9% of the median home sale price for May 2020.
The following table compares Kannapolis to other Cabarrus County cities in May 2020:
| City | May 2020 Home Sales | May 2019 Home Sales | % change (Total Home Sales) | May 2020 Median Sales Price | May 2019 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Harrisburg | 25 | 50 | -50% | $305,000 | $275,750 | 10.6% |
| Midland | 7 | 21 | -66.7% | $265,000 | $229,000 | 15.7% |
| Locust | 5 | 1 | 400% | $241,500 | $217,000 | 11.3% |
| Fisher Town | 2 | 0 | - | $231,000 | $0 | - |
| Concord | 164 | 229 | -28.4% | $218,250 | $202,000 | 8% |
| Charlotte | 3 | 7 | -57.1% | $182,000 | $164,000 | 11% |
| Kannapolis | 65 | 91 | -28.6% | $159,000 | $157,500 | 1% |
| Mount Pleasant | 1 | 1 | 0% | $75,000 | $75,000 | 0% |
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