$4,631 Closing Credit*
$390,000
1,761 SqFt
4 Beds
•2 Full Baths
Listing Office: Premier Sotheby's International Realty
Is Locust, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
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.
Housing Prices in Locust, NC
How much do homes in Locust, NC cost?
Median Sold Price
$399,950
$199/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$11,450(+2.9%)
Key Takeaway
Homes in Locust have sold for 2.9% more than they did a year ago.
Summary: The median home sold price in Locust was $399,950 in September 2024, up 2.9% from last year, and the median price per square foot was $199.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $135K | $59.5K | -55.9% |
| 2 Bedrooms | $272.2K | $302.2K | +11.0% |
| 3 Bedrooms | $355K | $366K | +3.1% |
| 4 Bedrooms | $412.9K | $431.3K | +4.5% |
| 5+ Bedrooms | $421.6K | $415K | -1.6% |
Summary: Locust housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 55.9%, 2 bedroom homes increased by 11%, 3 bedroom homes increased by 3.1%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes decreased by 1.6%.
Median Sold Price Compared To Nearby Cities
| Furr Township | $367.5K | $394.5K | +7.4% |
| Locust | $388.5K | $399.9K | +2.9% |
| Stanfield | $385K | $390K | +1.3% |
| Midland | $399.9K | $404.6K | +1.2% |
Housing Supply in Locust, NC
How many homes are available in Locust, NC?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 54 | 43 | -20.4% |
Summary: The Locust real estate market had 43 homes for sale in September 2024, a 20.4% decrease compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 21 | 15 | -28.6% |
| 4 Bedrooms | 23 | 16 | -30.4% |
| 5+ Bedrooms | 7 | 9 | +28.6% |
Summary: The Locust housing inventory by bedroom type for September 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 28.6%, 4 bedroom homes decreased by 30.4%, and 5+ bedroom homes increased by 28.6%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 16 | 8 | -50.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were 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. 62.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Locust in September 2024, down by 50.0% month-over-month. Of the 8 sold homes, 63% were sold under asking, 25% were sold at asking, and 13% 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
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 37 Days | 48 Days | +30.4% |
Summary: Homes in Locust had an average of 48 days on market in Sep 2024, up by 30.4% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 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 September 2024, 8 homes were sold in Locust; 38% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
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