From January through December of 2019, there were 31 homes sold, with a median sale price of $225,000 - a 16.9% increase over the $192,500 median sale price for the previous year. There were 18 homes sold in Locust in 2018.
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 0.7%.
The following table compares Locust to other Cabarrus County cities in 2019:
| City | Jan. - Dec. 2019 Home Sales | Jan. - Dec. 2018 Home Sales | % change (Total Home Sales) | Jan. - Dec. 2019 Median Sales Price | Jan. - Dec. 2018 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Harrisburg | 464 | 431 | 7.7% | $290,500 | $255,000 | 13.9% |
| Charlotte | 57 | 48 | 18.8% | $245,000 | $219,250 | 11.7% |
| Locust | 31 | 18 | 72.2% | $225,000 | $192,500 | 16.9% |
| Mount Pleasant | 24 | 39 | -38.5% | $219,500 | $215,000 | 2.1% |
| Midland | 179 | 149 | 20.1% | $214,000 | $210,000 | 1.9% |
| Concord | 2,503 | 2,511 | -0.3% | $201,500 | $187,000 | 7.8% |
| Kannapolis | 995 | 967 | 2.9% | $155,000 | $150,000 | 3.3% |
| Fisher Town | 13 | 9 | 44.4% | $130,500 | $32,000 | 307.8% |
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