Mike Hege's Market Report

Charlotte, NC

Single-Family Homes

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



Charlotte, NC

Mon Dec 04 2023
This week the median list price for Charlotte, NC is $444,900 with the market action index hovering around 45. This is less than last month's market action index of 47. Inventory has held steady at or around 989. 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 has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Charlotte, NC

Mon Dec 04 2023
This week the median list price for Charlotte, NC is $444,900 with the market action index hovering around 45. This is less than last month's market action index of 47. Inventory has held steady at or around 989. 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 has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Charlotte market.
Median List Price $444,900
Median Price of New Listings $400,000
Per Square Foot $243
Average Days on Market 67
Median Days on Market 42
Price Decreased 46%
Price Increased 5%
Relisted 4%
Inventory 989
Median Rent
Market Action 45
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
$1,084,455 3,630 0.25 - 0.5 acre 4 3.5 15 9 16 49
$529,900 2,244 0.25 - 0.5 acre 4 2.5 28 18 33 42
$399,000 1,842 8,000 - 10,000 sqft 3 2.5 18 21 33 42
$325,000 1,349 8,000 - 10,000 sqft 3 2 35 25 34 35