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From April through June of 2021, there were seven homes sold, with a median sale price of $313,500 - a 7.8% increase over the $290,750 median sale price for the same period of the previous year. There were eight homes sold in Locust in the second quarter of 2020.
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 second quarter of 2021.
The following table compares Locust to other Cabarrus County cities in the second quarter of 2021:
| City | Apr. - June 2021 Home Sales | Apr. - June 2020 Home Sales | % change (Total Home Sales) | Apr. - June 2021 Median Sales Price | Apr. - June 2020 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Harrisburg | 66 | 81 | -18.5% | $347,500 | $305,000 | 13.9% |
| Locust | 7 | 8 | -12.5% | $313,500 | $290,750 | 7.8% |
| Midland | 16 | 23 | -30.4% | $285,000 | $240,000 | 18.8% |
| Concord | 372 | 547 | -32% | $280,000 | $225,000 | 24.4% |
| Charlotte | 6 | 10 | -40% | $271,750 | $231,000 | 17.6% |
| Mount Pleasant | 7 | 12 | -41.7% | $245,000 | $272,500 | -10.1% |
| Kannapolis | 127 | 199 | -36.2% | $215,500 | $169,500 | 27.1% |
| Fisher Town | 3 | 3 | 0% | $145,000 | $142,000 | 2.1% |
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