Mike Hege, MRE

Charlotte, NC

Single-Family Homes

Pridemore Properties



Charlotte, NC

Sat Jan 23 2021
This week the median list price for Charlotte, NC is $415,739 with the market action index hovering around 58. This is about the same as last month's market action index of 58. Inventory has held steady at or around 788. 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

Sat Jan 23 2021
This week the median list price for Charlotte, NC is $415,739 with the market action index hovering around 58. This is about the same as last month's market action index of 58. Inventory has held steady at or around 788. 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 $415,739
Per Square Foot $196
Days on Market 95
Price Decreased 23%
Price Increased 18%
Relisted 6%
Inventory 788
Median Rent $1,636
Most Expensive $6,345,000
Least Expensive $109,000
Market Action 58
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 4,090 0.25 - 0.5 acre 4 4 12 21 24 182
$510,000 2,688 0.25 - 0.5 acre 4 3 24 31 48 103
$364,895 2,169 8,000 - 10,000 sqft 3 2 1 60 76 56
$269,990 1,569 8,000 - 10,000 sqft 3 2 22 96 88 38