From July through September of 2020, there were eight homes sold, with a median sale price of $284,750 - a 38.2% increase over the $206,000 median sale price for the same period of the previous year. There were seven homes sold in Locust in the third quarter of 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 the third quarter of 2020.
The following table compares Locust to other Cabarrus County cities in the third quarter of 2020:
| City | July - Sept. 2020 Home Sales | July - Sept. 2019 Home Sales | % change (Total Home Sales) | July - Sept. 2020 Median Sales Price | July - Sept. 2019 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Harrisburg | 125 | 126 | -0.8% | $300,500 | $305,000 | -1.5% |
| Locust | 8 | 7 | 14.3% | $284,750 | $206,000 | 38.2% |
| Charlotte | 10 | 15 | -33.3% | $282,500 | $299,000 | -5.5% |
| Mount Pleasant | 16 | 9 | 77.8% | $268,750 | $263,500 | 2% |
| Midland | 48 | 41 | 17.1% | $250,000 | $245,000 | 2% |
| Concord | 711 | 721 | -1.4% | $239,000 | $217,500 | 9.9% |
| Kannapolis | 300 | 271 | 10.7% | $174,250 | $158,000 | 10.3% |
| Fisher Town | 1 | 4 | -75% | $144,000 | $114,750 | 25.5% |
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