Mike Hege, MRE

Charlotte, NC

Single-Family Homes

Pridemore Properties



Charlotte, NC

Fri Apr 03 2020
This week the median list price for Charlotte, NC is $399,337 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 1444. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Charlotte, NC

Fri Apr 03 2020
This week the median list price for Charlotte, NC is $399,337 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 1444. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Charlotte market.
Median List Price $399,337
Per Square Foot $169
Days on Market 68
Price Decreased 28%
Price Increased 8%
Relisted 5%
Inventory 1,444
Median Rent $1,505
Most Expensive $7,000,000
Least Expensive $73,826
Market Action 53
Strong Seller's Market

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

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
$1,200,000 4,374 0.5 - 1 acre 5 4 17 44 37 120
$497,500 2,793 0.25 - 0.5 acre 4 3 21 86 59 66
$335,883 2,438 0.25 - 0.5 acre 4 2 15 103 75 47
$236,990 1,624 0.25 - 0.5 acre 3 2 31 179 136 38