Mike Hege's Market Report

Charlotte, NC

Single-Family Homes

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



Charlotte, NC

Tue Oct 19 2021
This week the median list price for Charlotte, NC is $476,500 with the market action index hovering around 73. This is an increase over last month's market action index of 71. Inventory has decreased to 720. 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

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.

Charlotte, NC

Tue Oct 19 2021
This week the median list price for Charlotte, NC is $476,500 with the market action index hovering around 73. This is an increase over last month's market action index of 71. Inventory has decreased to 720. 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

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 Charlotte market.
Median List Price $476,500
Median Price of New Listings $380,000
Per Square Foot $220
Average Days on Market 62
Median Days on Market 28
Price Decreased 35%
Price Increased 7%
Relisted 3%
Inventory 720
Median Rent $1,810
Market Action 73
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
$1,030,000 3,927 0.25 - 0.5 acre 4 3 19 14 34 49
$565,000 2,575 0.25 - 0.5 acre 4 3 27 16 34 28
$420,000 1,977 0.25 - 0.5 acre 3 2 34 35 59 28
$299,995 1,466 0.25 - 0.5 acre 3 2 55 53 76 21