$4,750 Closing Credit*
$399,999
1,795 SqFt
3 Beds
•2 Full Baths
Listing Office: Your Home Charlotte
Is Locust, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Locust was a Seller's Market.
Key Takeaway
Locust is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Locust, NC
How much do homes in Locust, NC cost?
Median Sold Price
$403,365
$201/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$14,865(+3.8%)
Key Takeaway
Homes in Locust have sold for 3.8% more than they did a year ago.
Summary: The median home sold price in Locust was $403,365 in October 2024, up 3.8% from last year, and the median price per square foot was $201.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $135K | $59.5K | -55.9% |
| 2 Bedrooms | $275.5K | $302.2K | +9.7% |
| 3 Bedrooms | $356.8K | $373K | +4.5% |
| 4 Bedrooms | $411.4K | $432.8K | +5.2% |
| 5+ Bedrooms | $417K | $416.3K | -0.2% |
Summary: Locust housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 55.9%, 2 bedroom homes increased by 9.7%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 5.2%, and 5+ bedroom homes decreased by 0.2%.
Median Sold Price Compared To Nearby Cities
| Stanfield | $364.7K | $405K | +11.0% |
| Furr Township | $369K | $398K | +7.9% |
| Locust | $388.5K | $403.3K | +3.8% |
| Midland | $411.5K | $400K | -2.8% |
Housing Supply in Locust, NC
How many homes are available in Locust, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 40 | 39 | -2.5% |
Summary: The Locust real estate market had 39 homes for sale in October 2024, a 2.5% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 16 | 15 | -6.3% |
| 4 Bedrooms | 15 | 17 | +13.3% |
| 5+ Bedrooms | 6 | 4 | -33.3% |
Summary: The Locust housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 6.3%, 4 bedroom homes increased by 13.3%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 9 | 6 | -33.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Locust, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Locust in October 2024, down by 33.3% month-over-month. Of the 6 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% were sold over asking.
Days on Market for Locust, NC
How long does it take to sell a home in Locust, NC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 31 Days | 44 Days | +39.8% |
Summary: Homes in Locust had an average of 44 days on market in Oct 2024, up by 39.8% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Locust has remained consistent over time.
Summary: During October 2024, 6 homes were sold in Locust; 33% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
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