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 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

+$19,258(+5.0%)

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

# BEDSNov 2022Nov 2023CHANGE
1 $246.5K$265K
+7.5%
2 $279.8K$300K
+7.2%
3 $360.6K$369.3K
+2.4%
4 $490.3K$492.5K
0.4%
5+ $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
+17.4%
Huntersville
+8.3%
Charlotte
+5.0%
Pineville
+4.5%
Riverbend Township
+1.6%

Housing Supply in Charlotte, NC

How many homes are available in Charlotte, NC?

Number of Homes For Sale

Oct 2023Nov 2023CHANGE
3,3653,238-3.8%

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

# BEDSOct 2023Nov 2023CHANGE
1 7386
+17.8%
2 455458
+0.7%
3 1,5471,508
-2.5%
4 936865
-7.6%
5+ 354321
-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 2023Nov 2023CHANGE
884714-19.2%

Asking Price vs. Sold Price

340 Homes Were Sold
Under Asking

188 Homes Were Sold
At Asking

186 Homes Were Sold
Over Asking

Asking vs Sold - buyer

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 2022Nov 2023CHANGE
30 Days26 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

Breakdown of Home Sale Times

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.

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

Report Updated 1 Day Ago

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