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.
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
$409,486
$230/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Charlotte have sold for 3.7% more than they did a year ago.
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
Key Takeaway
If you're buying a home in Charlotte, you may be able to get a good deal. 46.4% of homes here sold below asking price last month.
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
Key Takeaway
Many homes in Charlotte are selling fast, if you're buying plan to act quickly.
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.
The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@MLSGrid.com. 
Copyright © 2024 Triad Multiple Listing Service, Inc. All rights reserved. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. This site will be monitored for ‘scraping’ and any use of search facilities of data on the site other than by potential buyers/sellers is prohibited. All Sale data is for informational purposes only and is not an indication of a market analysis or appraisal. Properties marked with the Triad MLS, Inc. icon are provided courtesy of the Triad MLS, Inc.’s, Internet Data Exchange Database.
Copyright 2024 North Carolina Regional MLS LLC. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of North Carolina Regional MLS LLC (NCRMLS). All information is deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor this firm shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. NCRMLS will not be liable for any damage or loss resulting from use of the provided content or the products available through Portals, IDX, VOW, and/or Syndication. Recipients of this information shall not resell, redistribute, reproduce, modify, or otherwise copy any portion thereof without the expressed written consent of NCRMLS.