Is Mecklenburg County, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Mecklenburg County has remained a Seller's Market.
Housing Prices in Mecklenburg County, NC
How much do homes in Mecklenburg County, NC cost?
Median Sold Price
$435,237
$233/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Mecklenburg County was $435,237 in June 2024, up 4.9% from last year, and the median price per square foot was $233.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $265K | $275K | +3.8% |
2 Bedrooms | $297.4K | $315.1K | +5.9% |
3 Bedrooms | $374.4K | $390.9K | +4.4% |
4 Bedrooms | $512.9K | $544K | +6.1% |
5+ Bedrooms | $721.2K | $791.5K | +9.8% |
Summary: Mecklenburg County housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.8%, 2 bedroom homes increased by 5.9%, 3 bedroom homes increased by 4.4%, 4 bedroom homes increased by 6.1%, and 5+ bedroom homes increased by 9.8%.
Median Sold Price Compared To Nearby Counties
Mecklenburg County | $415K | $435.2K | +4.9% |
Cabarrus County | $335.9K | $349.9K | +4.2% |
Union County | $446.2K | $463.2K | +3.8% |
York County | $375.2K | $389.1K | +3.7% |
Gaston County | $299.2K | $309.1K | +3.3% |
Housing Supply in Mecklenburg County, NC
How many homes are available in Mecklenburg County, NC?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
5,264 | 5,254 | -0.2% |
Summary: The Mecklenburg County real estate market had 5,254 homes for sale in June 2024, a 0.2% decrease compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 123 | 124 | +0.8% |
2 Bedrooms | 653 | 686 | +5.1% |
3 Bedrooms | 2,216 | 2,199 | -0.8% |
4 Bedrooms | 1,542 | 1,523 | -1.2% |
5+ Bedrooms | 730 | 722 | -1.1% |
Summary: The Mecklenburg County housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 0.8%, 2 bedroom homes increased by 5.1%, 3 bedroom homes decreased by 0.8%, 4 bedroom homes decreased by 1.2%, and 5+ bedroom homes decreased by 1.1%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
1,479 | 1,213 | -18.0% |
Asking Price vs. Sold Price
515 Homes Were Sold
Under Asking
312 Homes Were Sold
At Asking
386 Homes Were Sold
Over Asking
Summary: A total of 1,213 homes were sold or pending in Mecklenburg County in June 2024, down by 18.0% month-over-month. Of the 1,213 sold homes, 42% were sold under asking, 26% were sold at asking, and 32% were sold over asking.
Days on Market for Mecklenburg County, NC
How long does it take to sell a home in Mecklenburg County, NC?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
22 Days | 21 Days | -5.6% |
Summary: Homes in Mecklenburg County had an average of 21 days on market in Jun 2024, down by 5.6% compared to last year.
Breakdown of Home Sale Times
911 Homes Were Sold
Under 30 Days
225 Homes Were Sold
In 30 - 90 Days
52 Homes Were Sold
Over 90 Days
Summary: During June 2024, 1213 homes were sold in Mecklenburg County; 75% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.