Maurice Barnes' Market Report

Charlotte, NC

Single-Family Homes

Keller Williams Realty | 704-610-4112 | maurice.barnes@kw.com



Charlotte, NC

Sat Mar 02 2024
This week the median list price for Charlotte, NC is $433,395 with the market action index hovering around 46. This is an increase over last month's market action index of 44. Inventory has decreased to 816. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Charlotte, NC

Sat Mar 02 2024
This week the median list price for Charlotte, NC is $433,395 with the market action index hovering around 46. This is an increase over last month's market action index of 44. Inventory has decreased to 816. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Real-Time Market Profile

Never miss important changes in the Charlotte market.
Median List Price $433,395
Median Price of New Listings $425,000
Per Square Foot $244
Average Days on Market 74
Median Days on Market 42
Price Decreased 36%
Price Increased 7%
Relisted 5%
Inventory 816
Median Rent
Market Action 46
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
$1,480,277 3,949 0.25 - 0.5 acre 4 4 11 23 23 63
$525,000 2,253 8,000 - 10,000 sqft 4 2.5 18 33 38 49
$397,304 1,873 8,000 - 10,000 sqft 3 2.5 15 34 37 28
$322,000 1,351 8,000 - 10,000 sqft 3 2 34 32 32 42