Reed Gold Mine · Photo: Bang-Ning Hsu from Durham (NC, USA), Taiwan · CC BY-SA 2.0136 homes sold in Locust in the last year, at a typical $392K
Almost every sale is a house. Below: what each kind of home sells for, what your budget buys, the best months to buy, how hard you’ll have to bid, and a shortcut to every site where Locust homes are listed.
Every place Locust homes are listed, in one stop
We don’t copy listings: the agents’ sites have the photos and the latest price changes. Set what you want once and we open each site already filtered to Locust.
For sale
Rent
New, land & open houses
Links open the listing sites; TownRatings isn’t paid for them and doesn’t rank one above another. Rentals and government-owned homes come from sources outside the MLS.
Houses are 99% of Locust’s sales, at a typical $392K
136 homes sold in the year to May 2026.
typical sale · 134 sold in 12 months
- Per square foot
- $197NC $207
- Days to sell
- 70
- Sold over asking
- 14%
- Listings with a price cut
- 30%
Multi-family (2–4 units): 1 sold, typical $368K
Townhouses: 1 sold, typical $368K
Too few sales in 12 months for reliable figures.
More homes sell than most years, at twice the 2016 price
136 sales in the last year, against 208 in 2022 and a low of 29 in 2012. The typical sale went from $186K in 2016 to $392K.
Source: Redfin Data Center, MLS sales. Typical price and $/sq ft are the monthly medians, weighted by sales.
What $400K buys in Locust
Check a listing against what Locust homes sold for
Against the town’s median price per square foot over the last 12 months. A rough check: condition, lot and location within town move a price more than this can see.
Bidding wars in Locust are back to pre-pandemic levels, and more homes are for sale
We read every month of Locust’s home sales since 2012 so you don’t have to. Each figure covers 12 months, because a single month in a town is too few sales to mean much. Latest: the year to May 2026, 136 sales.
If you’re buying in Locust
- Shop in July. It brings about 17 new listings a month, close to the busiest month, with fewer bidding wars (17% over asking).
- You can negotiate. 30% of listings have cut their price, against 16% before the pandemic.
- Bid near asking. Buyers paid 98.1% of the list price on average; 14% paid over.
- You’ll usually have time. Only 23% of homes go under contract within two weeks; the typical one takes 72 days.
Summer brings the homes; winter brings the bidding wars
July has the most new listings (about 17 a month), but February is the most competitive: 28% of February sales close over asking. November has the least competition (16%) but only about 10 new listings.
Averages for each calendar month, 2015 on.
Calmer than the 2021 frenzy, and about like North Carolina as a whole
| Locust now | 2017–19 | 2021 peak | NC now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 14% | 16% | 52% | 17% |
| Gone within two weeksShare of homes under contract within 14 days | 23% | 31% | 72% | 30% |
| Listings with a price cutShare of homes for sale that cut their price | 30% | 16% | 21% | 27% |
| Price paid vs. askingAverage sale price ÷ list price | 98.1% | 97.8% | 101.8% | 97.8% |
| Days to sellMedian days from listing to contract | 72 | 79 | 31 | 62 |
48 homes for sale on a typical day
That’s 2.9 times the 2012 low (17) and 36% more than in 2017–19.
1 in 3 listings has cut its price
30% in the last year, against 16% in 2017–19 and 27% across North Carolina. More sellers are pricing high and coming down.
Locust ranks 128th of 224 busy North Carolina markets for bidding wars
Share of sales over asking in the last year, among towns with 60 or more sales. Locust is in the middle of the pack.
Source: Redfin Data Center, city market tracker, January 2012 to May 2026 (MLS sales, not seasonally adjusted). Ratios are weighted by homes sold; price cuts by homes for sale.
Owning the typical Locust home costs about $2,262 a month
Price: Locust’s typical sale, last 12 months. Property tax at Locust’s 0.7% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Locust is affordable on local pay is on Cost of living.
Six things worth knowing
New listings in July
The month with the most choice. December has the fewest, about 8.
Best time to buyProperty tax, a year
Of a home’s value: the median bill over the median home value. On a $392K home, about $2,600 a year.
Taxes vs. neighborsSchools
The schools grade for Locust, from test results, graduation and how much students grow.
Schools in LocustCheck the flood map
Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.
Natural hazardsLook up any property
Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.
Midland sells for less a square foot; Fairview for far more
The busier markets within 25 miles of Locust, by what sold. Prices, taxes and how far a paycheck goes next door are on Cost of living.
| Sold | Typical sale | $/sq ft | Over asking | Days to sell | |
|---|---|---|---|---|---|
| Harrisburg | 351 | $507K | $208 | 10% | 92 |
| Locust | 136 | $392K | $197 | 14% | 72 |
| Midland | 82 | $368K | $180 | 13% | 63 |
| Mount Pleasant | 52 | $405K | $208 | 19% | 80 |
| Oakboro | 49 | $363K | $206 | 10% | 101 |
| Fairview | 29 | $553K | $280 | 17% | 130 |
| Stanfield | 21 | $453K | $216 | 10% | 63 |
Redfin Data Center, June 2025 to May 2026. Towns with fewer than 20 sales are left out, and Redfin doesn’t report every town separately.
Post your home to Locust, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Locust. People who follow the town see it, and so do people comparing Locust with their own town. No commission, no listing fee.
Questions about buying a home in Locust
What do homes sell for in Locust, NC?
136 homes sold in the year to May 2026 at a typical $392K, $197 a square foot.
Is Locust a buyer’s or seller’s market?
A balanced market: 55 homes were for sale in May 2026 and 11 sold, about 5 months of supply. Buyers paid 98.1% of asking on average, and 30% of listings cut their price.
When is the best time to buy in Locust?
July brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in Locust?
About 0.7% of a home’s value a year. On a $392K home that’s near $2,600.
Where can I see homes for sale in Locust?
Zillow, Redfin, Realtor.com and Homes.com all carry Locust’s MLS listings; the search links above open each one filtered to Locust.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).