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. 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 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.

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. 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 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

Never miss important changes in the Charlotte market.
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