Is Locust, NC a buyer’s or seller’s market?

Housing Market Conditions



Gauge showing Locust is a seller's market


Difference Since May 2022

Since last year, Locust has remained a Seller's Market.

Key Takeaway

Locust is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Locust, NC cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since May 2022


Key Takeaway

Homes in Locust have sold for 8.8% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSMay 2022May 2023%
1 $80K$135K
2 $238.5K$264.5K
3 $344K$360K
4 $369K$425K
5+ $470K$506.5K

Median Sold Price Compared To Nearby Cities

Furr Township

How many homes are available in Locust, NC?

Number of Homes For Sale

Apr 2023May 2023%

Homes For Sale By Bedroom Count

# BEDSApr 2023May 2023%
1 00
2 23
3 3125
4 2523
5+ 1919

Number of Homes Sold

Apr 2023May 2023%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Locust, you may be able to get a good deal. 81.3% of homes here sold below asking price last month.

How long does it take to sell a home in Locust, NC?

How long does it take to sell a home in Locust, NC?

Average Sale Time

May 2022May 2023%
10 Days81 Days+673.8%

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Locust has remained consistent over time.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

What housing markets are near Locust, NC?

About Locust, NC

There are 70 homes are for sale in Locust, NC real estate market. The number of homes for sale in Locust, NC decreased by 9.1% between April 2023 and May 2023. In May 2023, listings were on the market for 81 days. During the same period, the median list price in this real estate market was $377,000. From April 2023 through May 2023, the following changes in listing prices were observed in this housing market: prices of 1 bedroom properties increased by 68.8%, 2 bedrooms properties prices increased by 10.9%, the cost of 3 bedrooms properties went up by 4.7%, prices of 4 bedrooms properties increased by 15.2%, 5 bedrooms properties prices increased by 7.8%. This housing market inventory have changed: the quantity of 1 bedroom homes have not changed, number of 2 bedrooms homes increased by 50%, 3 bedrooms homes became 19.4% less available, 4 bedrooms homes became 8% less available, 5 bedrooms homes did not move. Over 2 listings were sold over their listed price in May 2023 in Locust, NC. In the same period over 13 listings were sold below the listed price and 1 listings were sold for the listed price.