Is Mecklenburg County, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Mecklenburg County is a seller's market

Buyer's
Market

Difference Since November 2021

Since last year, Mecklenburg County has remained a Seller's Market.

Key Takeaway

Mecklenburg County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Mecklenburg County, NC cost?

Median Sold Price

$406,995

$218/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$57,130(+16.3%)

Key Takeaway

Homes in Mecklenburg County have sold for 16.3% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $215K$245.3K
+14.1%
2 $244.9K$289.4K
+18.2%
3 $314.9K$374.5K
+18.9%
4 $426.5K$507.3K
+18.9%
5+ $593.3K$701.6K
+18.3%

Median Sold Price Compared To Nearby Counties

Union County
+17.4%
Gaston County
+16.9%
Mecklenburg County
+16.3%
Cabarrus County
+15.9%
York County
+15.3%

How many homes are available in Mecklenburg County, NC?

Number of Homes For Sale

Oct 2022Nov 2022%
4,6064,188-9.1%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 7567
-10.7%
2 639575
-10.0%
3 2,0241,859
-8.2%
4 1,3521,199
-11.3%
5+ 516488
-5.4%

Number of Homes Sold

Oct 2022Nov 2022%
1,279971-24.1%

Asking Price vs. Sold Price

555 Homes Were Sold
Under Asking

219 Homes Were Sold
At Asking

197 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Mecklenburg County, you may be able to get a good deal. 57.2% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
16 Days29 Days+80.2%

Breakdown of Home Sale Times

662 Homes Were Sold
Under 30 Days

221 Homes Were Sold
In 30 - 90 Days

73 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

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

About Mecklenburg County, NC

Mecklenburg County, NC has 4,188 homes for sale to choose from. In November 2022 in Mecklenburg County, NC there were 9.1% less homes for sale than in October 2022. Listings spent 29 days on the market in November 2022, and had a median list price of $406,995 during the same period. Between October 2022 and November 2022, listing prices of homes in this real estate market have seen the following changes: 1 bedroom properties prices increased by 14.1%, 2 bedrooms properties prices increased by 18.2%, prices of 3 bedrooms properties went up by 18.9%, 4 bedrooms properties became 18.9% more expensive, 5 bedrooms properties became 18.3% more expensive. Volume of homes for sale changed: 1 bedroom homes became 10.7% less available, 2 bedrooms homes became 10% less available, volume of 3 bedrooms homes went down by 8.2%, number of 4 bedrooms homes decreased by 11.3%, volume of 5 bedrooms homes went down by 5.4%. While more than 197 listings in Mecklenburg County, NC in November 2022 were sold above asking price, there were more than 219 listings sold at asking price, and more than 555 were sold below.

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