In December 2019, there were two homes sold, with a median sale price of $320,250 - a 13.7% decrease over the $371,000 median sale price for the same period of the previous year. There were two homes sold in Locust in December 2018, as well.
The median sales tax in Locust for 2019 was $1,474. In 2018, the median sales tax was $1,396. This marks an increase of 5.6%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 0.5%.
The following table compares Locust to other Cabarrus County cities in December 2019:
| City | Dec. 2019 Home Sales | Dec. 2018 Home Sales | % change (Total Home Sales) | Dec. 2019 Median Sales Price | Dec. 2018 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Locust | 2 | 2 | 0% | $320,250 | $371,000 | -13.7% |
| Harrisburg | 30 | 29 | 3.4% | $313,500 | $300,000 | 4.5% |
| Charlotte | 6 | 4 | 50% | $264,500 | $294,500 | -10.2% |
| Midland | 13 | 12 | 8.3% | $217,000 | $206,500 | 5.1% |
| Concord | 208 | 187 | 11.2% | $209,500 | $184,000 | 13.9% |
| Kannapolis | 87 | 54 | 61.1% | $165,000 | $156,250 | 5.6% |
| Fisher Town | 1 | 0 | - | $60,000 | $0 | - |
| Mount Pleasant | 0 | 1 | -100% | $0 | $86,000 | -100% |
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