$2,968 Closing Credit*
$249,900
1,098 SqFt
3 Beds
•1 Full Bath, 1 Partial
Michael W. Fooshe, CPA, Realtor, Listing Office: Freedom Real Estate Experts
Is Charlotte, TN 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, TN
How much do homes in Charlotte, TN cost?
Median Sold Price
$343,900
$243/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$4,000(+1.2%)
Key Takeaway
Homes in Charlotte have sold for 1.2% more than they did a year ago.
Summary: The median home sold price in Charlotte was $343,900 in November 2024, up 1.2% from last year, and the median price per square foot was $243.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $199K | $299K | +50.3% |
| 2 Bedrooms | $273.9K | $268K | -2.2% |
| 3 Bedrooms | $339K | $344.9K | +1.7% |
| 4 Bedrooms | $690K | $359.9K | -47.8% |
| 5+ Bedrooms | - | $490K | N/A |
Summary: Charlotte housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 50.3%, 2 bedroom homes decreased by 2.2%, 3 bedroom homes increased by 1.7%, 4 bedroom homes decreased by 47.8%, and 5+ bedroom homes did not change.
Housing Supply in Charlotte, TN
How many homes are available in Charlotte, TN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 31 | 28 | -9.7% |
Summary: The Charlotte real estate market had 28 homes for sale in November 2024, a 9.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 22 | 19 | -13.6% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Charlotte housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 13.6%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 9 | 7 | -22.2% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Charlotte, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Charlotte in November 2024, down by 22.2% month-over-month. Of the 7 sold homes, 43% were sold under asking, 29% were sold at asking, and 29% were sold over asking.
Days on Market for Charlotte, TN
How long does it take to sell a home in Charlotte, TN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 35 Days | 43 Days | +22.3% |
Summary: Homes in Charlotte had an average of 43 days on market in Nov 2024, up by 22.3% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was 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, 7 homes were sold in Charlotte; 57% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
© 2024 of the REALTRACS MLS. All rights Reserved.