The second quarter of 2017: Harrisburg experienced a 2.6% drop in median home prices

The second quarter of 2017: Harrisburg experienced a 2.6% drop in median home prices
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The median sale price of a home sold in the second quarter of 2017 in Harrisburg fell by $6,500 while total sales decreased by 13.6%, according to BlockShopper.com.

From April through June of 2017, there were 152 homes sold, with a median sale price of $240,000 – a 2.6% decrease over the $246,500 median sale price for the same period of the previous year. There were 176 homes sold in Harrisburg in the second quarter of 2016.

The median sales tax in Harrisburg for 2017 was $2,062. In 2016, the median sales tax was $2,037. This marks an increase of 1.2%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 0.9%.

The following table compares Harrisburg to other Cabarrus County cities in the second quarter of 2017:

City Apr. – June 2017 Home Sales Apr. – June 2016 Home Sales % change (Total Home Sales) Apr. – June 2017 Median Sales Price Apr. – June 2016 Median Sales Price % change (Median Sales Price)
Harrisburg 152 176 -13.6% $240,000 $246,500 -2.6%
Midland 35 33 6.1% $190,000 $180,000 5.6%
Concord 739 729 1.4% $175,000 $168,000 4.2%
Locust 6 7 -14.3% $160,750 $124,500 29.1%
Charlotte 19 12 58.3% $140,000 $231,250 -39.5%
Kannapolis 250 234 6.8% $130,000 $133,250 -2.4%
Mount Pleasant 5 9 -44.4% $103,000 $155,000 -33.5%
Fisher Town 3 1 200% $37,000 $57,000 -35.1%


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