Is Charlotte, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 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
$408,289
$228/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Charlotte was $408,289 in February 2024, up 4% from last year, and the median price per square foot was $228.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $252.7K | $269.6K | +6.7% |
2 Bedrooms | $285.4K | $305K | +6.8% |
3 Bedrooms | $365K | $372.8K | +2.1% |
4 Bedrooms | $499.5K | $500K | 0.1% |
5+ Bedrooms | $788.4K | $753K | -4.5% |
Summary: Charlotte housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.7%, 2 bedroom homes increased by 6.8%, 3 bedroom homes increased by 2.1%, 4 bedroom homes increased by 0.1%, and 5+ bedroom homes decreased by 4.5%.
Median Sold Price Compared To Nearby Cities
Matthews | $455K | $520.1K | +14.3% |
Pineville | $408K | $434K | +6.4% |
Huntersville | $499.9K | $521.2K | +4.3% |
Charlotte | $392.5K | $408.2K | +4.0% |
Riverbend Township | $339K | $350K | +3.2% |
Housing Supply in Charlotte, NC
How many homes are available in Charlotte, NC?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
2,990 | 3,281 | +9.7% |
Summary: The Charlotte real estate market had 3,281 homes for sale in February 2024, a 9.7% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 82 | 99 | +20.7% |
2 Bedrooms | 428 | 482 | +12.6% |
3 Bedrooms | 1,451 | 1,532 | +5.6% |
4 Bedrooms | 760 | 852 | +12.1% |
5+ Bedrooms | 269 | 316 | +17.5% |
Summary: The Charlotte housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20.7%, 2 bedroom homes increased by 12.6%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 12.1%, and 5+ bedroom homes increased by 17.5%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
635 | 796 | +25.4% |
Asking Price vs. Sold Price
374 Homes Were Sold
Under Asking
210 Homes Were Sold
At Asking
212 Homes Were Sold
Over Asking
Summary: A total of 796 homes were sold or pending in Charlotte in February 2024, up by 25.4% month-over-month. Of the 796 sold homes, 47% were sold under asking, 26% were sold at asking, and 27% 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
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
50 Days | 37 Days | -24.6% |
Summary: Homes in Charlotte had an average of 37 days on market in Feb 2024, down by 24.6% compared to last year.
Breakdown of Home Sale Times
486 Homes Were Sold
Under 30 Days
205 Homes Were Sold
In 30 - 90 Days
105 Homes Were Sold
Over 90 Days
Summary: During February 2024, 796 homes were sold in Charlotte; 61% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.