Homes for Sale Under 500K in Locust, NC

56 Homes for Sale

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Locust, NC Housing Market Overview

Locust's housing market is evenly balanced between buyers and sellers. This creates fair negotiating conditions for both parties. With a 3.5-month supply of homes and properties spending 85 days on the market on average, both buyers and sellers have equal opportunity to achieve favorable outcomes.

Status

Balanced Market

Days on Market

85

Inventory

56

Aug 2021Mar 2024Mar 2026

Median Home Price

$398,922Down 0.04%

In Mar 2026 · YoY

Aug 2021Mar 2024Mar 2026

Mortgage Rates 30-Yr Fixed

6.23%Down 0.58%

Current rate · YoY

Loan Type

30-Year Fixed

Housing Supply

Homes For Sale
56 Up 0.75%
Newly Listed Homes
25 Up 1.50%
Months of Supply
3.5 Down 3.50%

Housing Demand

Homes Sold
14 Up 2.00%
Sale-to-List Ratio
98.7% Down 0.68%
Homes Sold Above List
21.4% Down 28.57%

30-yr fixed rate 6.23% · Data as of Mar 2026 · Source: Houzeo Research.

View Full Locust Market Report
  • mls-img
    Based on information submitted to the MLS GRID from Canopy MLS through Sep 1, 2026, 12:46 AM. All data is obtained from various sources and may not have been verified by the broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers’ personal, noncommercial use. It may not be used for any purpose other than to identify prospective properties which the consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. The use of the MLS GRID Data may be subject to an end-user license agreement prescribed by the Member Participant’s applicable MLS, if any, and as amended from time to time. ©2025 Canopy MLS. All Rights Reserved.

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Locust, NC Housing Marketlink qauare
Homes Available icon

56

Homes Available

Median List Price icon

$ 398,922

Median List Price

Avg on Market icon

85 Days

Avg on Market

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