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Cabarrus Today

Saturday, December 21, 2024

How did home valuation prices perform in Cabarrus County in August 2023, compared to August 2022?

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In August 2023, the median sale price of a home in Cabarrus County fell by $13,750 from the same period in the previous year, while total sales decreased by 32%, according to BlockShopper.com.

Data shows that there were 230 homes sold in August 2023, with a median sale price of $308,750 - a 4.3% decrease from the $322,500 median sale price for the same period of the previous year. There were 338 homes sold in Cabarrus County in August 2022.

For context, the median sales tax in Cabarrus County, based on the latest available data from 2022, was $1,996, which stands at 0.6% of August 2023's median home sale price.

The following histogram displays changes in median sales prices in Cabarrus County from August 2022 to August 2023.

August 2022September 2022October 2022November 2022December 2022January 2023February 2023March 2023April 2023May 2023June 2023July 2023August 2023$322,500$322,500$315,000$315,000$305,000$305,000$315,000$315,000$292,500$292,500$320,500$320,500$288,750$288,750$300,000$300,000$290,000$290,000$325,000$325,000$311,250$311,250$306,000$306,000$308,750$308,750

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