NC · Metro #23

Charlotte - NC housing market

The Charlotte metro has a typical home value of $390,942, down 0.4% from a year ago. Homes sell in 23 days on average, a balanced market. 27% of listings have had a price cut. Data from Zillow Research, updated monthly.

Typical home value
$390,942
-0.4% vs. year ago
Median sale price
$396,213
+2.0% YoY
Median list price
$436,200
Sale-to-list ratio
98.5%
Selling below ask
Days on market
23d
Listings w/ price cut
27.1%
New listings / mo
4,042
+3.1% YoY
Homes for sale
14,086
+11.1% YoY
Typical rent
$1,750/mo
+0.4% YoY
Context

How to read this data

The typical home value ($390,942) is the Zillow Home Value Index for the Charlotte - NC metro area , a smoothed, seasonally adjusted estimate of the typical value for middle-tier homes (33rd to 67th percentile) across single-family and condo properties.

Prices are down 0.4% over the past year. A home worth $392,512 last year is now worth roughly $390,942.

The median sale price , what homes actually close for , is $396,213. Homes are selling at 98.5% of list price, meaning buyers have room to negotiate.

Homes listed in Charlotte - NC sit on the market for roughly 23 days before going pending. Shorter = seller's market; longer = buyer's market.

About 27.1% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.

Roughly 4,042 new listings hit the market each month in Charlotte - NC. There are currently 14,086 homes for sale, up 11.1% from a year ago.

The typical monthly rent in Charlotte - NC is $1,750, up 0.4% year over year. For investors, the price-to-rent ratio here is roughly 19x annual rent.

What's not on this page

This is market-level data, not property-level. We don't list individual homes for sale. For that, go to Zillow, Redfin, or your local MLS.

Covered Home Repairs
Related

Other metros in NC

MetroHome value1-yr changeDays on market
Raleigh - NC$438,138 -2.1% 19.0d
Greensboro - NC$266,965 +1.5% 17.0d
Winston - NC$284,988 +2.6% 16.0d
Durham - NC$415,643 -2.1% 18.0d
Fayetteville - NC$259,738 +0.4% 20.0d
Asheville - NC$430,056 -3.5% 42.0d
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