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 October 2023

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

$418,847

$238/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$16,774(+4.2%)

Key Takeaway

Homes in Charlotte have sold for 4.2% more than they did a year ago.

Summary: The median home sold price in Charlotte was $418,847 in October 2024, up 4.2% from last year, and the median price per square foot was $238.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $265K$289K
+9.1%
2 $299.9K$310.5K
+3.5%
3 $366.9K$381.9K
+4.1%
4 $494K$527.4K
+6.8%
5+ $726.4K$878.2K
+20.9%

Summary: Charlotte housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.1%, 2 bedroom homes increased by 3.5%, 3 bedroom homes increased by 4.1%, 4 bedroom homes increased by 6.8%, and 5+ bedroom homes increased by 20.9%.

Median Sold Price Compared To Nearby Cities

Riverbend Township
+8.2%
Pineville
+6.0%
Matthews
+5.9%
Charlotte
+4.2%
Huntersville
+4.2%

Housing Supply in Charlotte, NC

How many homes are available in Charlotte, NC?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
4,1964,347+3.6%

Summary: The Charlotte real estate market had 4,347 homes for sale in October 2024, a 3.6% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 120135
+12.5%
2 584614
+5.1%
3 1,9452,017
+3.7%
4 1,1061,138
+2.9%
5+ 441443
0.5%

Summary: The Charlotte housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 12.5%, 2 bedroom homes increased by 5.1%, 3 bedroom homes increased by 3.7%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes increased by 0.5%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
927862-7.0%

Asking Price vs. Sold Price

476 Homes Were Sold
Under Asking

237 Homes Were Sold
At Asking

149 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. 55.2% of homes here sold below asking price last month.

Summary: A total of 862 homes were sold or pending in Charlotte in October 2024, down by 7.0% month-over-month. Of the 862 sold homes, 55% were sold under asking, 27% were sold at asking, and 17% 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

Oct 2023Oct 2024CHANGE
26 Days32 Days+22.7%

Summary: Homes in Charlotte had an average of 32 days on market in Oct 2024, up by 22.7% compared to last year.

Breakdown of Home Sale Times

520 Homes Were Sold
Under 30 Days

276 Homes Were Sold
In 30 - 90 Days

58 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 October 2024, 862 homes were sold in Charlotte; 60% of homes were sold within 30 days, 32% 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 2 Days Ago

Newest Listings in Charlotte, NC

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