$6,895 Closing Credit*
$580,650
2,383 SqFt
3 Beds
•3 Full Baths, 1 Partial
Listing Office: Hopper Communities INC
Is Mecklenburg County, 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, 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.
Housing Prices in Mecklenburg County, NC
How much do homes in Mecklenburg County, NC cost?
Median Sold Price
$443,656
$237/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$23,107(+5.5%)
Key Takeaway
Homes in Mecklenburg County have sold for 5.5% more than they did a year ago.
Summary: The median home sold price in Mecklenburg County was $443,656 in October 2024, up 5.5% from last year, and the median price per square foot was $237.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $265K | $287.5K | +8.5% |
| 2 Bedrooms | $305.3K | $319.4K | +4.6% |
| 3 Bedrooms | $377.8K | $393.8K | +4.2% |
| 4 Bedrooms | $513.9K | $555.6K | +8.1% |
| 5+ Bedrooms | $723.1K | $833K | +15.2% |
Summary: Mecklenburg County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.5%, 2 bedroom homes increased by 4.6%, 3 bedroom homes increased by 4.2%, 4 bedroom homes increased by 8.1%, and 5+ bedroom homes increased by 15.2%.
Median Sold Price Compared To Nearby Counties
| Mecklenburg County | $420.5K | $443.6K | +5.5% |
| Cabarrus County | $337.5K | $356.3K | +5.5% |
| Gaston County | $298.9K | $314.5K | +5.2% |
| Union County | $450.1K | $464.9K | +3.3% |
| York County | $379.9K | $392.2K | +3.2% |
Housing Supply in Mecklenburg County, NC
How many homes are available in Mecklenburg County, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5,245 | 5,390 | +2.8% |
Summary: The Mecklenburg County real estate market had 5,390 homes for sale in October 2024, a 2.8% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 121 | 137 | +13.2% |
| 2 Bedrooms | 678 | 705 | +4.0% |
| 3 Bedrooms | 2,339 | 2,431 | +3.9% |
| 4 Bedrooms | 1,464 | 1,475 | +0.8% |
| 5+ Bedrooms | 643 | 642 | -0.2% |
Summary: The Mecklenburg County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 13.2%, 2 bedroom homes increased by 4%, 3 bedroom homes increased by 3.9%, 4 bedroom homes increased by 0.8%, and 5+ bedroom homes decreased by 0.2%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1,145 | 1,088 | -5.0% |
Asking Price vs. Sold Price
606 Homes Were Sold
Under Asking
286 Homes Were Sold
At Asking
196 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mecklenburg County, you may be able to get a good deal. 55.7% of homes here sold below asking price last month.
Summary: A total of 1,088 homes were sold or pending in Mecklenburg County in October 2024, down by 5.0% month-over-month. Of the 1,088 sold homes, 56% were sold under asking, 26% were sold at asking, and 18% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 27 Days | 33 Days | +21.9% |
Summary: Homes in Mecklenburg County had an average of 33 days on market in Oct 2024, up by 21.9% compared to last year.
Breakdown of Home Sale Times
655 Homes Were Sold
Under 30 Days
342 Homes Were Sold
In 30 - 90 Days
81 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Mecklenburg County are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 1088 homes were sold in Mecklenburg County; 60% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
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