Is Charlotte, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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
$411,693
$231/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
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 $411,693 in April 2024, up 4.2% from last year, and the median price per square foot was $231.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $253.6K | $275K | +8.4% |
| 2 Bedrooms | $289.9K | $305.6K | +5.4% |
| 3 Bedrooms | $364.9K | $376K | +3.0% |
| 4 Bedrooms | $496.1K | $509.4K | +2.7% |
| 5+ Bedrooms | $769.9K | $788.4K | +2.4% |
Summary: Charlotte housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.4%, 2 bedroom homes increased by 5.4%, 3 bedroom homes increased by 3%, 4 bedroom homes increased by 2.7%, and 5+ bedroom homes increased by 2.4%.
Median Sold Price Compared To Nearby Cities
| Matthews | $475K | $529.5K | +11.5% |
| Pineville | $409.7K | $440K | +7.4% |
| Charlotte | $394.9K | $411.6K | +4.2% |
| Riverbend Township | $337.7K | $350K | +3.6% |
| Huntersville | $508.6K | $525.6K | +3.3% |
Housing Supply in Charlotte, NC
How many homes are available in Charlotte, NC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 3,736 | 3,827 | +2.4% |
Summary: The Charlotte real estate market had 3,827 homes for sale in April 2024, a 2.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 109 | 116 | +6.4% |
| 2 Bedrooms | 522 | 528 | +1.1% |
| 3 Bedrooms | 1,736 | 1,708 | -1.6% |
| 4 Bedrooms | 995 | 1,058 | +6.3% |
| 5+ Bedrooms | 374 | 417 | +11.5% |
Summary: The Charlotte housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 6.4%, 2 bedroom homes increased by 1.1%, 3 bedroom homes decreased by 1.6%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes increased by 11.5%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 1,064 | 1,000 | -6.0% |
Asking Price vs. Sold Price
425 Homes Were Sold
Under Asking
232 Homes Were Sold
At Asking
343 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Charlotte, you may be able to get a good deal. 42.5% of homes here sold below asking price last month.
Summary: A total of 1,000 homes were sold or pending in Charlotte in April 2024, down by 6.0% month-over-month. Of the 1,000 sold homes, 43% were sold under asking, 23% were sold at asking, and 34% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 34 Days | 27 Days | -21.7% |
Summary: Homes in Charlotte had an average of 27 days on market in Apr 2024, down by 21.7% compared to last year.
Breakdown of Home Sale Times
737 Homes Were Sold
Under 30 Days
148 Homes Were Sold
In 30 - 90 Days
93 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Charlotte are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 1000 homes were sold in Charlotte; 74% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
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