Is Mecklenburg County, 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, 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
$429,590
$229/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Mecklenburg County was $429,590 in March 2024, up 3.5% from last year, and the median price per square foot was $229.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $255.8K | $275K | +7.5% |
2 Bedrooms | $296.4K | $310.1K | +4.6% |
3 Bedrooms | $375.5K | $386.7K | +3.0% |
4 Bedrooms | $516.5K | $528.9K | +2.4% |
5+ Bedrooms | $714.7K | $749.8K | +4.9% |
Summary: Mecklenburg County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.5%, 2 bedroom homes increased by 4.6%, 3 bedroom homes increased by 3%, 4 bedroom homes increased by 2.4%, and 5+ bedroom homes increased by 4.9%.
Median Sold Price Compared To Nearby Counties
Mecklenburg County | $414.9K | $429.5K | +3.5% |
Union County | $444.6K | $456.3K | +2.6% |
York County | $380.2K | $385K | +1.3% |
Cabarrus County | $340.8K | $341.7K | 0.3% |
Gaston County | $301.7K | $300.2K | -0.5% |
Housing Supply in Mecklenburg County, NC
How many homes are available in Mecklenburg County, NC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
4,126 | 4,516 | +9.5% |
Summary: The Mecklenburg County real estate market had 4,516 homes for sale in March 2024, a 9.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 96 | 113 | +17.7% |
2 Bedrooms | 545 | 598 | +9.7% |
3 Bedrooms | 1,886 | 2,005 | +6.3% |
4 Bedrooms | 1,127 | 1,268 | +12.5% |
5+ Bedrooms | 472 | 532 | +12.7% |
Summary: The Mecklenburg County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 17.7%, 2 bedroom homes increased by 9.7%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 12.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
1,083 | 1,229 | +13.5% |
Asking Price vs. Sold Price
564 Homes Were Sold
Under Asking
289 Homes Were Sold
At Asking
376 Homes Were Sold
Over Asking
Summary: A total of 1,229 homes were sold or pending in Mecklenburg County in March 2024, up by 13.5% month-over-month. Of the 1,229 sold homes, 46% were sold under asking, 24% were sold at asking, and 31% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
42 Days | 30 Days | -27.8% |
Summary: Homes in Mecklenburg County had an average of 30 days on market in Mar 2024, down by 27.8% compared to last year.
Breakdown of Home Sale Times
868 Homes Were Sold
Under 30 Days
227 Homes Were Sold
In 30 - 90 Days
134 Homes Were Sold
Over 90 Days
Summary: During March 2024, 1229 homes were sold in Mecklenburg County; 71% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.