Is Charlotte, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2022
Since last year, Charlotte has remained a Seller's Market.
Key Takeaway
Charlotte is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Charlotte, NC
How much do homes in Charlotte, NC cost?
Median Sold Price
$404,825
$225/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2022
Key Takeaway
Homes in Charlotte have sold for 5% more than they did a year ago.
Summary: The median home sold price in Charlotte was $404,825 in November 2023, up 5% from last year, and the median price per square foot was $225.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $246.5K | $265K | +7.5% |
| 2 Bedrooms | $279.8K | $300K | +7.2% |
| 3 Bedrooms | $360.6K | $369.3K | +2.4% |
| 4 Bedrooms | $490.3K | $492.5K | 0.4% |
| 5+ Bedrooms | $787.6K | $735.9K | -6.6% |
Summary: Charlotte housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes increased by 7.5%, 2 bedroom homes increased by 7.2%, 3 bedroom homes increased by 2.4%, 4 bedroom homes increased by 0.4%, and 5+ bedroom homes decreased by 6.6%.
Median Sold Price Compared To Nearby Cities
| Matthews | $439.6K | $516K | +17.4% |
| Huntersville | $484.1K | $524.1K | +8.3% |
| Charlotte | $385.5K | $404.8K | +5.0% |
| Pineville | $401.9K | $420K | +4.5% |
| Riverbend Township | $335K | $340.3K | +1.6% |
Housing Supply in Charlotte, NC
How many homes are available in Charlotte, NC?
Number of Homes For Sale
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 3,365 | 3,238 | -3.8% |
Summary: The Charlotte real estate market had 3,238 homes for sale in November 2023, a 3.8% decrease compared to October 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 73 | 86 | +17.8% |
| 2 Bedrooms | 455 | 458 | +0.7% |
| 3 Bedrooms | 1,547 | 1,508 | -2.5% |
| 4 Bedrooms | 936 | 865 | -7.6% |
| 5+ Bedrooms | 354 | 321 | -9.3% |
Summary: The Charlotte housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes increased by 17.8%, 2 bedroom homes increased by 0.7%, 3 bedroom homes decreased by 2.5%, 4 bedroom homes decreased by 7.6%, and 5+ bedroom homes decreased by 9.3%.
Number of Homes Sold
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 884 | 714 | -19.2% |
Asking Price vs. Sold Price
340 Homes Were Sold
Under Asking
188 Homes Were Sold
At Asking
186 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Charlotte, you may be able to get a good deal. 47.6% of homes here sold below asking price last month.
Summary: A total of 714 homes were sold or pending in Charlotte in November 2023, down by 19.2% month-over-month. Of the 714 sold homes, 48% were sold under asking, 26% were sold at asking, and 26% were sold over asking.
Days on Market for Charlotte, NC
How long does it take to sell a home in Charlotte, NC?
Average Sale Time
| Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|
| 30 Days | 26 Days | -14.7% |
Summary: Homes in Charlotte had an average of 26 days on market in Nov 2023, down by 14.7% compared to last year.
Breakdown of Home Sale Times
541 Homes Were Sold
Under 30 Days
123 Homes Were Sold
In 30 - 90 Days
50 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Charlotte are selling fast, if you're buying plan to act quickly.
Summary: During November 2023, 714 homes were sold in Charlotte; 76% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
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Listing information Copyright © 2023 Triad Multiple Listing Service, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) Program of the Triad MLS, Inc. of High Point, NC. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo or the Internet Data Exchange (IDX) thumbnail logo (the TRIAD MLS logo) and detailed information about them includes the name of the listing brokers. Information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. Information Deemed Reliable But Not Guaranteed. The broker providing this data believes it to be correct, but advises interested parties to confirm the data before relying on it in a purchase decision.
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