Mike Hege's Market Report

Charlotte, NC

Single-Family Homes

Pridemore Team at Compass | 704-491-9445 | mike@pridemoremail.com



Charlotte, NC

Mon Jan 24 2022
This week the median list price for Charlotte, NC is $455,000 with the market action index hovering around 75. This is about the same as last month's market action index of 75. Inventory has decreased to 391. 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

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.

Charlotte, NC

Mon Jan 24 2022
This week the median list price for Charlotte, NC is $455,000 with the market action index hovering around 75. This is about the same as last month's market action index of 75. Inventory has decreased to 391. 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

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

Never miss important changes in the Charlotte market.
Median List Price $455,000
Median Price of New Listings $385,000
Per Square Foot $243
Average Days on Market 72
Median Days on Market 35
Price Decreased 22%
Price Increased 6%
Relisted 2%
Inventory 391
Median Rent $1,853
Market Action 75
Strong Seller's Market

The market is 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
$1,250,000 4,002 0.25 - 0.5 acre 4 4 15 8 18 63
$525,000 2,304 0.25 - 0.5 acre 4 2.5 34 25 33 35
$399,250 1,727 0.25 - 0.5 acre 3 2 44 25 51 21
$295,500 1,314 0.25 - 0.5 acre 3 2 56 39 50 28