$6,530 Closing Credit*
$549,900
2,536 SqFt
4 Beds
•2 Full Baths, 1 Partial
Listing Office: Carolina Realty Solutions
Is Locust, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Locust was a Buyer's Market.
Key Takeaway
Locust is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Locust, NC
How much do homes in Locust, NC cost?
Median Sold Price
$400,000
$194/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$11,000(+2.8%)
Key Takeaway
Homes in Locust have sold for 2.8% more than they did a year ago.
Summary: The median home sold price in Locust was $400,000 in November 2024, up 2.8% from last year, and the median price per square foot was $194.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $135K | $59.5K | -55.9% |
| 2 Bedrooms | $292.5K | $294.5K | +0.7% |
| 3 Bedrooms | $356.9K | $365K | +2.2% |
| 4 Bedrooms | $409.9K | $431K | +5.1% |
| 5+ Bedrooms | $417K | $417.1K | 0.0% |
Summary: Locust housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 55.9%, 2 bedroom homes increased by 0.7%, 3 bedroom homes increased by 2.2%, 4 bedroom homes increased by 5.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Stanfield | $360K | $397.5K | +10.4% |
| Furr Township | $368.5K | $395K | +7.2% |
| Locust | $389K | $400K | +2.8% |
| Midland | $406.2K | $402.3K | -1.0% |
Housing Supply in Locust, NC
How many homes are available in Locust, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 39 | 39 | 0.0% |
Summary: The Locust real estate market had 39 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 14 | 17 | +21.4% |
| 4 Bedrooms | 18 | 16 | -11.1% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The Locust housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 21.4%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 12 | +100.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
0 Homes Were 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 12 homes were sold or pending in Locust in November 2024, up by 100.0% month-over-month. Of the 12 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 66 Days | 70 Days | +5.8% |
Summary: Homes in Locust had an average of 70 days on market in Nov 2024, up by 5.8% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Locust are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 12 homes were sold in Locust; 42% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@MLSGrid.com.