$5,273 Closing Credit*
$444,000
1,693 SqFt
3 Beds
•2 Full Baths, 1 Partial
Listing Office: ERA Live Moore
Is Charlotte, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$420,468
$238/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$15,814(+3.9%)
Key Takeaway
Homes in Charlotte have sold for 3.9% more than they did a year ago.
Summary: The median home sold price in Charlotte was $420,468 in November 2024, up 3.9% from last year, and the median price per square foot was $238.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $265K | $290K | +9.4% |
| 2 Bedrooms | $300.2K | $310.8K | +3.5% |
| 3 Bedrooms | $369.3K | $380.8K | +3.1% |
| 4 Bedrooms | $491.5K | $535.1K | +8.9% |
| 5+ Bedrooms | $732.9K | $887.9K | +21.1% |
Summary: Charlotte housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.4%, 2 bedroom homes increased by 3.5%, 3 bedroom homes increased by 3.1%, 4 bedroom homes increased by 8.9%, and 5+ bedroom homes increased by 21.1%.
Median Sold Price Compared To Nearby Cities
| Pineville | $420K | $445.6K | +6.1% |
| Riverbend Township | $345K | $365K | +5.8% |
| Huntersville | $527.7K | $550.2K | +4.3% |
| Matthews | $516.2K | $537K | +4.0% |
| Charlotte | $404.6K | $420.4K | +3.9% |
Housing Supply in Charlotte, NC
How many homes are available in Charlotte, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4,193 | 4,056 | -3.3% |
Summary: The Charlotte real estate market had 4,056 homes for sale in November 2024, a 3.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 123 | 131 | +6.5% |
| 2 Bedrooms | 584 | 587 | 0.5% |
| 3 Bedrooms | 1,945 | 1,872 | -3.8% |
| 4 Bedrooms | 1,120 | 1,061 | -5.3% |
| 5+ Bedrooms | 421 | 405 | -3.8% |
Summary: The Charlotte housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 6.5%, 2 bedroom homes increased by 0.5%, 3 bedroom homes decreased by 3.8%, 4 bedroom homes decreased by 5.3%, and 5+ bedroom homes decreased by 3.8%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 942 | 817 | -13.3% |
Asking Price vs. Sold Price
465 Homes Were Sold
Under Asking
195 Homes Were Sold
At Asking
157 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Charlotte, you may be able to get a good deal. 56.9% of homes here sold below asking price last month.
Summary: A total of 817 homes were sold or pending in Charlotte in November 2024, down by 13.3% month-over-month. Of the 817 sold homes, 57% were sold under asking, 24% were sold at asking, and 19% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 27 Days | 39 Days | +44.5% |
Summary: Homes in Charlotte had an average of 39 days on market in Nov 2024, up by 44.5% compared to last year.
Breakdown of Home Sale Times
469 Homes Were Sold
Under 30 Days
249 Homes Were Sold
In 30 - 90 Days
92 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 November 2024, 817 homes were sold in Charlotte; 57% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
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