The median sale price of a home sold in the second quarter of 2017 in Midland in Cabarrus County rose by $10,000 while total sales increased by 6.1%, according to BlockShopper.com.
From April through June of 2017, there were 35 homes sold, with a median sale price of $190,000 – a 5.6% increase over the $180,000 median sale price for the same period of the previous year. There were 33 homes sold in Midland in the second quarter of 2016.
The median sales tax in Midland for 2017 was $1,115. In 2016, the median sales tax was $1,087. This marks an increase of 2.6%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 0.6%.
The following table compares Midland 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% |
* This story only considers sales data for the part of Midland that is in Cabarrus County.
