Mike Hege's Market Report
Charlotte, NC
Single-Family Homes
Pridemore Team at Compass | 704-491-9445 | mike.hege@compass.com
Charlotte, NC
Sat Jun 14 2025
This week the median list price for Charlotte, NC is $529,999 with the market action index hovering around 42. This is less than last month's market action index of 43. Inventory has held steady at or around 1,549.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
Market Narrative
Market appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.
Real-Time Market Profile
| Median List Price | $529,999 | |
| Median Price of New Listings | $489,900 | |
| Per Square Foot | $255 | |
| Average Days on Market | 70 | |
| Median Days on Market | 42 | |
| Price Decreased | 48% | |
| Price Increased | 2% | |
| Relisted | 4% | |
| Inventory | 1,549 | |
| Median Rent | ||
| Market Action | 42 | |
| Slight Seller's Advantage | ||
In a market where prices are rising fairly consistently, price per square foot is essentially flat. This often implies that new homes coming on the market are pricier, and also larger than older homes. As a result the value one can buy stays the same.
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 |
|---|---|---|---|---|---|---|---|---|
| $1,195,000 | 3,651 | 0.25 - 0.5 acre | 4 | 3.5 | 19 | 41 | 40 | 42 |
| $625,000 | 2,473 | 0.25 - 0.5 acre | 4 | 2.5 | 20 | 37 | 41 | 49 |
| $450,000 | 2,019 | 8,000 - 10,000 sqft | 4 | 2.5 | 24 | 51 | 50 | 35 |
| $345,000 | 1,395 | 8,000 - 10,000 sqft | 3 | 2 | 35 | 48 | 58 | 35 |