Mike Hege, MRE

Charlotte, NC

Single-Family Homes

Pridemore Properties



Charlotte, NC

Fri Jul 10 2020
This week the median list price for Charlotte, NC is $435,903 with the market action index hovering around 53. This is an increase over last month's market action index of 51. Inventory has held steady at or around 1,266. Click here to stay informed with the Charlotte market!

Market Action Index

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

Strong Seller's Market

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Charlotte, NC

Fri Jul 10 2020
This week the median list price for Charlotte, NC is $435,903 with the market action index hovering around 53. This is an increase over last month's market action index of 51. Inventory has held steady at or around 1,266. Click here to stay informed with the Charlotte market!

Market Action Index

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

Strong Seller's Market

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Real-Time Market Profile

Never miss important changes in the Charlotte market.
Median List Price $435,903
Per Square Foot $179
Days on Market 80
Price Decreased 32%
Price Increased 10%
Relisted 4%
Inventory 1,266
Median Rent $1,550
Most Expensive $7,000,000
Least Expensive $90,000
Market Action 53
Strong Seller's Market

The market appears to be hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate significantly from here.

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
$1,270,500 4,411 0.25 - 0.5 acre 5 4 13 18 35 132
$585,000 3,072 0.25 - 0.5 acre 4 3 19 52 97 74
$349,900 2,401 0.25 - 0.5 acre 4 2 10 76 124 60
$250,000 1,727 8,000 - 10,000 sqft 3 2 21 114 169 51