Mike Hege, MRE
Charlotte, NC
Single-Family Homes
Pridemore Properties
Charlotte, NC
Fri Apr 23 2021
This week the median list price for Charlotte, NC is $482,000 with the market action index hovering around 86. This is an increase over last month's market action index of 79. Inventory has held steady at or around 611.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
The market has been strong for several consecutive weeks. Reflecting these inventory conditions, with the MAI in the Seller’s zone, it is not surprising that prices have recently resumed their climb.
Real-Time Market Profile
| Median List Price | $482,000 | |
| Per Square Foot | $225 | |
| Days on Market | 14 | |
| Price Decreased | 20% | |
| Price Increased | 6% | |
| Relisted | 3% | |
| Inventory | 611 | |
| Median Rent | $1,695 | |
| Most Expensive | $6,950,000 | |
| Least Expensive | $160,000 | |
| Market Action | 86 | |
| Strong Seller's Market | ||
Prices have moved upward in the last few weeks and are nearing the market’s all time high. A persistent drop of the Market Action Index into the Buyer’s zone will be a leading indicator of the price strength subsiding.
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 |
|---|---|---|---|---|---|---|---|---|
| $1,494,000 | 4,450 | 0.5 - 1 acre | 5 | 4 | 15 | 16 | 22 | 38 |
| $627,491 | 2,704 | 0.25 - 0.5 acre | 4 | 3 | 29 | 49 | 50 | 14 |
| $409,900 | 2,182 | 0.25 - 0.5 acre | 4 | 2 | 24 | 63 | 66 | 7 |
| $269,000 | 1,518 | 0.25 - 0.5 acre | 3 | 2 | 35 | 76 | 92 | 7 |