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.
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
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
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
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.