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.
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
| 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 |