Is Charlotte, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Charlotte is a seller's market

Buyer's
Market

Difference Since September 2021

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.

How much do homes in Charlotte, NC cost?

Median Sold Price

$379,609

$221/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2021

+$55,747(+17.2%)

Key Takeaway

Homes in Charlotte have sold for 17.2% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSSep 2021Sep 2022%
1 $218K$240K
+10.1%
2 $235K$272.1K
+15.8%
3 $297.4K$354.8K
+19.3%
4 $413.6K$477.6K
+15.5%
5+ $668.4K$766.4K
+14.7%

Median Sold Price Compared To Nearby Cities

Riverbend Township
+23.1%
Matthews
+19.2%
Mount Holly
+17.8%
Charlotte
+17.2%
Pineville
+16.4%

How many homes are available in Charlotte, NC?

Number of Homes For Sale

Aug 2022Sep 2022%
3,7903,656-3.5%

Homes For Sale By Bedroom Count

# BEDSAug 2022Sep 2022%
1 8980
-10.1%
2 626608
-2.9%
3 1,7251,644
-4.7%
4 999991
-0.8%
5+ 351333
-5.1%

Number of Homes Sold

Aug 2022Sep 2022%
1,117995-10.9%

Asking Price vs. Sold Price

486 Homes Were Sold
Under Asking

213 Homes Were Sold
At Asking

296 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Charlotte, you may be able to get a good deal. 48.8% of homes here sold below asking price last month.

Average Sale Time

Sep 2021Sep 2022%
13 Days20 Days+43.7%

Breakdown of Home Sale Times

764 Homes Were Sold
Under 30 Days

196 Homes Were Sold
In 30 - 90 Days

27 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Charlotte are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Charlotte, NC

Charlotte, NC has 3,656 homes for sale to choose from. In September 2022 in Charlotte, NC there were 3.5% less homes for sale than in August 2022. While the average time on the market in September 2022 was 20 days, the median list price was $379,609. This housing market listing prices have changed between August 2022 and September 2022: prices of 1 bedroom properties increased by 10.1%, 2 bedrooms properties became 15.8% more expensive, prices of 3 bedrooms properties increased by 19.3%, prices of 4 bedrooms properties increased by 15.5%, 5 bedrooms properties prices increased by 14.7%. This housing market inventory have changed: number of 1 bedroom homes decreased by 10.1%, the quantity of 2 bedrooms homes went down by 2.9%, the quantity of 3 bedrooms homes went down by 4.7%, the quantity of 4 bedrooms homes went down by 0.8%, volume of 5 bedrooms homes went down by 5.1%. In September 2022 more than 296 listings in Charlotte, NC were sold above the asking price. During the same period more than 213 listings were sold at asking price, while more than 486 were sold below.

Related Housing Market Reports