Maurice Barnes' Market Report

Kannapolis, NC

Single-Family Homes

Keller Williams Realty | 704-610-4112 | maurice.barnes@kw.com



Kannapolis, NC

Sun Feb 09 2025
This week the median list price for Kannapolis, NC is $330,000 with the market action index hovering around 36. This is about the same as last month's market action index of 36. Inventory has increased to 143. Click here to stay informed with the Kannapolis market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Market Narrative

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. 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, prices are likely to resume an upward climb.

Kannapolis, NC

Sun Feb 09 2025
This week the median list price for Kannapolis, NC is $330,000 with the market action index hovering around 36. This is about the same as last month's market action index of 36. Inventory has increased to 143. Click here to stay informed with the Kannapolis market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Market Narrative

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. 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, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Kannapolis market.
Median List Price $330,000
Median Price of New Listings $350,000
Per Square Foot $213
Average Days on Market 95
Median Days on Market 70
Price Decreased 46%
Price Increased 3%
Relisted 5%
Inventory 143
Median Rent
Market Action 36
Slight Seller's Advantage

The market appears to be hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate 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
$479,900 2,410 0.25 - 0.5 acre 4 2.5 4 4 2 98
$369,450 1,745 0.25 - 0.5 acre 3 2.3 8 5 2 63
$310,250 1,355 0.25 - 0.5 acre 3 2 43 4 3 70
$227,450 1,049 0.25 - 0.5 acre 2 1 85 2 5 66