Is Charlotte, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
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
$409,486
$230/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Charlotte was $409,486 in March 2024, up 3.7% from last year, and the median price per square foot was $230.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $256.7K | $275K | +7.1% |
2 Bedrooms | $288.7K | $306.8K | +6.3% |
3 Bedrooms | $365K | $374.8K | +2.7% |
4 Bedrooms | $498.9K | $504.3K | +1.1% |
5+ Bedrooms | $780.8K | $756K | -3.2% |
Summary: Charlotte housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.1%, 2 bedroom homes increased by 6.3%, 3 bedroom homes increased by 2.7%, 4 bedroom homes increased by 1.1%, and 5+ bedroom homes decreased by 3.2%.
Median Sold Price Compared To Nearby Cities
Matthews | $465K | $528.7K | +13.7% |
Pineville | $408K | $439K | +7.6% |
Huntersville | $500.5K | $529.8K | +5.9% |
Riverbend Township | $336K | $350K | +4.2% |
Charlotte | $394.7K | $409.4K | +3.7% |
Housing Supply in Charlotte, NC
How many homes are available in Charlotte, NC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
3,354 | 3,689 | +10.0% |
Summary: The Charlotte real estate market had 3,689 homes for sale in March 2024, a 10.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 95 | 112 | +17.9% |
2 Bedrooms | 465 | 519 | +11.6% |
3 Bedrooms | 1,595 | 1,696 | +6.3% |
4 Bedrooms | 871 | 982 | +12.7% |
5+ Bedrooms | 328 | 380 | +15.9% |
Summary: The Charlotte housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 17.9%, 2 bedroom homes increased by 11.6%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 12.7%, and 5+ bedroom homes increased by 15.9%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
880 | 998 | +13.4% |
Asking Price vs. Sold Price
463 Homes Were Sold
Under Asking
229 Homes Were Sold
At Asking
306 Homes Were Sold
Over Asking
Summary: A total of 998 homes were sold or pending in Charlotte in March 2024, up by 13.4% month-over-month. Of the 998 sold homes, 46% were sold under asking, 23% were sold at asking, and 31% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
44 Days | 31 Days | -30.0% |
Summary: Homes in Charlotte had an average of 31 days on market in Mar 2024, down by 30% compared to last year.
Breakdown of Home Sale Times
695 Homes Were Sold
Under 30 Days
191 Homes Were Sold
In 30 - 90 Days
112 Homes Were Sold
Over 90 Days
Summary: During March 2024, 998 homes were sold in Charlotte; 70% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.