Locust, NC Foreclosures
How much do homes sell for in Locust, NC?
The average home price is currently $403,208.
In Locust, NC, how many homes are available?
There are currently 6 active home listings available in Locust.
What’s the average rental cost in Locust, NC?
The average rental price in Locust is $1,051.
What is the most expensive home in Locust?
The most expensive home sold in Locust had a price of $7,885,615.
What is currently the cheapest priced home in Locust, NC?
The cheapest home for sale in Locust is priced at $11,459.
Living in Locust, NC
Locust, North Carolina, is a charming small town with a close-knit community and peaceful surroundings. Known for its family-friendly atmosphere, it offers a mix of rural and suburban living. Outdoor enthusiasts will appreciate the nearby parks and recreational activities available.
Current Market Conditions in Locust, NC
The real estate market in Locust, NC, has shown steady growth over the past year, with an increase in home values and a high demand for housing in the area. Due to its appealing community atmosphere, many families and retirees are looking to move to Locust, driving up property prices and concerns about inventory. Many listings receive multiple offers, illustrating the competitive nature of the market. The town's affordability compared to nearby cities makes it an attractive option for homebuyers.
The trend towards remote work has also affected the housing market in Locust, as individuals seek more spacious and affordable homes away from the urban core. As telecommuting becomes more prevalent, Locust has become a destination for buyers seeking to escape from busy city life.
Home Value Estimator For Locust, NC
There are currently 3,512 real estate properties
in Locust, NC,
with a median automated valuation model (AVM) price
of $369,939.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Locust, NC, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Locust, NC,
is $403,208.00, with the most expensive house
in Locust, NC, topping out
at $7,885,615.00 and the cheapest home
in Locust, NC,
clocking in at $11,459.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Locust, NC!
Rent Prices
In Locust, NC
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Locust, NC, is on
a rollercoaster ride. The
average rent price in Locust, NC,
is $1,051.00. Indeed, when looking to rent in
Locust, NC, you can expect to pay as little
as $550.00 or as much
as $2,530.00,
with the average rent median estimated to
be $1,020.00. The good news is that finding
an affordable and desirable property to rent in Locust, NC
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
Learn more on Foreclosure homes
