In May 2020, there were seven homes sold, with a median sale price of $265,000 - a 15.7% increase over the $229,000 median sale price for the same period of the previous year. There were 21 homes sold in Midland in May 2019.
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 May 2020.
The following table compares Midland 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% |
Alerts Sign-up