Mike Hege's Market Report
Charlotte, NC
Single-Family Homes
Pridemore Team at Compass | 704-491-9445 | mike.hege@compass.com
Charlotte, NC
Thu Feb 13 2025
This week the median list price for Charlotte, NC is $473,900 with the market action index hovering around 41. This is an increase over last month's market action index of 40. Inventory has decreased to 1,069.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
Market Narrative
The market remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up persistently, prices are likely to resume an upward climb.
Real-Time Market Profile
| Median List Price | $473,900 | |
| Median Price of New Listings | $425,000 | |
| Per Square Foot | $243 | |
| Average Days on Market | 91 | |
| Median Days on Market | 70 | |
| Price Decreased | 46% | |
| Price Increased | 4% | |
| Relisted | 8% | |
| Inventory | 1,069 | |
| Median Rent | ||
| Market Action | 41 | |
| Slight Seller's Advantage | ||
The market plateau is seen across the price and value. The price per square foot and median list price have both been reasonably stagnant. Watch the Market Action Index for persistent changes as a leading indicator before the market moves from these levels.
Market Segments
Each segment below represents approximately 25% of the market ordered by price.
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $1,049,500 | 3,383 | 0.25 - 0.5 acre | 4 | 3.5 | 18 | 28 | 35 | 70 |
| $569,030 | 2,402 | 0.25 - 0.5 acre | 4 | 2.5 | 17 | 25 | 34 | 70 |
| $415,000 | 1,919 | 8,000 - 10,000 sqft | 3 | 2.5 | 24 | 36 | 44 | 63 |
| $325,000 | 1,438 | 8,000 - 10,000 sqft | 3 | 2 | 35 | 39 | 59 | 70 |