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 February 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

$408,289

$228/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$15,716(+4.0%)

Key Takeaway

Homes in Charlotte have sold for 4% more than they did a year ago.

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

# BEDSFeb 2023Feb 2024CHANGE
1 $252.7K$269.6K
+6.7%
2 $285.4K$305K
+6.8%
3 $365K$372.8K
+2.1%
4 $499.5K$500K
0.1%
5+ $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
+14.3%
Pineville
+6.4%
Huntersville
+4.3%
Charlotte
+4.0%
Riverbend Township
+3.2%

Housing Supply in Charlotte, NC

How many homes are available in Charlotte, NC?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
2,9903,281+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

# BEDSJan 2024Feb 2024CHANGE
1 8299
+20.7%
2 428482
+12.6%
3 1,4511,532
+5.6%
4 760852
+12.1%
5+ 269316
+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 2024Feb 2024CHANGE
635796+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Charlotte, you may be able to get a good deal. 47% of homes here sold below asking price last month.

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 2023Feb 2024CHANGE
50 Days37 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Charlotte are selling fast, if you're buying plan to act quickly.

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 27 Days Ago

Newest Listings in Charlotte, NC

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