$3,264 Closing Credit*
$274,900
1,100 SqFt
4 Beds
•2 Full Baths
Listing Office: EXP Realty LLC Ballantyne
Is Charlotte, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$418,847
$238/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$16,774(+4.2%)
Key Takeaway
Homes in Charlotte have sold for 4.2% more than they did a year ago.
Summary: The median home sold price in Charlotte was $418,847 in October 2024, up 4.2% from last year, and the median price per square foot was $238.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $265K | $289K | +9.1% |
| 2 Bedrooms | $299.9K | $310.5K | +3.5% |
| 3 Bedrooms | $366.9K | $381.9K | +4.1% |
| 4 Bedrooms | $494K | $527.4K | +6.8% |
| 5+ Bedrooms | $726.4K | $878.2K | +20.9% |
Summary: Charlotte housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.1%, 2 bedroom homes increased by 3.5%, 3 bedroom homes increased by 4.1%, 4 bedroom homes increased by 6.8%, and 5+ bedroom homes increased by 20.9%.
Median Sold Price Compared To Nearby Cities
| Riverbend Township | $337.4K | $365K | +8.2% |
| Pineville | $420K | $445K | +6.0% |
| Matthews | $513.9K | $544.5K | +5.9% |
| Charlotte | $402K | $418.8K | +4.2% |
| Huntersville | $522.6K | $544.5K | +4.2% |
Housing Supply in Charlotte, NC
How many homes are available in Charlotte, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4,196 | 4,347 | +3.6% |
Summary: The Charlotte real estate market had 4,347 homes for sale in October 2024, a 3.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 120 | 135 | +12.5% |
| 2 Bedrooms | 584 | 614 | +5.1% |
| 3 Bedrooms | 1,945 | 2,017 | +3.7% |
| 4 Bedrooms | 1,106 | 1,138 | +2.9% |
| 5+ Bedrooms | 441 | 443 | 0.5% |
Summary: The Charlotte housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 12.5%, 2 bedroom homes increased by 5.1%, 3 bedroom homes increased by 3.7%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes increased by 0.5%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 927 | 862 | -7.0% |
Asking Price vs. Sold Price
476 Homes Were Sold
Under Asking
237 Homes Were Sold
At Asking
149 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Charlotte, you may be able to get a good deal. 55.2% of homes here sold below asking price last month.
Summary: A total of 862 homes were sold or pending in Charlotte in October 2024, down by 7.0% month-over-month. Of the 862 sold homes, 55% were sold under asking, 27% were sold at asking, and 17% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 26 Days | 32 Days | +22.7% |
Summary: Homes in Charlotte had an average of 32 days on market in Oct 2024, up by 22.7% compared to last year.
Breakdown of Home Sale Times
520 Homes Were Sold
Under 30 Days
276 Homes Were Sold
In 30 - 90 Days
58 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Charlotte are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 862 homes were sold in Charlotte; 60% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
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