Is Charlotte, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Charlotte is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 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

$410,000

$262/sqft

Based on all homes sold in December 2024.

Difference Since Last Month

+$50,100(+13.9%)

Key Takeaway

Homes in Charlotte have sold for 13.9% more than they did a month ago.

Summary: The median home sold price in Charlotte was $410,000 in December 2024, up 13.9% from last month, and the median price per square foot was $262.

Median Sold Price By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 --
N/A
2 $700K-
N/A
3 $360.5K$410K
+13.7%
4 $357.4K-
N/A
5+ --
N/A

Summary: Charlotte housing prices by bedroom type for December 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 13.7%, 4 bedroom homes did not change, 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

Nov 2024Dec 2024CHANGE
2726-3.7%

Summary: The Charlotte real estate market had 26 homes for sale in December 2024, a 3.7% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 11
0.0%
2 32
-33.3%
3 1920
+5.3%
4 43
-25.0%
5+ 00
0.0%

Summary: The Charlotte housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes increased by 5.3%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
75-28.6%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Charlotte, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Charlotte in December 2024, down by 28.6% month-over-month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% 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 2024Dec 2024CHANGE
43 Days20 Days-52.1%

Summary: Homes in Charlotte had an average of 20 days on market in Dec 2024, down by 52.1% compared to last month.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Charlotte are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 5 homes were sold in Charlotte; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 4 Days Ago

Newest Listings in Charlotte, TN

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