NC · Metro #23

Charlotte - NC housing market

The Charlotte metro has a typical home value of $388,846, down 0.5% from a year ago. Homes sell in 23 days on average - a balanced market. 24% of listings have had a price cut. Data from Zillow Research, updated monthly.

Typical home value
$388,846
-0.5% vs. year ago
Median sale price
$390,051
+1.6% YoY
Median list price
$422,800
Sale-to-list ratio
97.9%
Selling below ask
Days on market
23d
Listings w/ price cut
23.8%
New listings / mo
3,664
+6.1% YoY
Homes for sale
12,086
+12.3% YoY
Typical rent
$1,733/mo
+0.1% YoY
Context

How to read this data

The typical home value ($388,846) 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 0.5% over the past year. A home worth $390,800 last year is now worth roughly $388,846.

The median sale price , what homes actually close for , is $390,051. Homes are selling at 97.9% 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 23.8% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.

Roughly 3,664 new listings hit the market each month in Charlotte - NC. There are currently 12,086 homes for sale, up 12.3% from a year ago.

The typical monthly rent in Charlotte - NC is $1,733, up 0.1% 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$438,344 -2.3% 20.0d
Greensboro - NC$264,302 +1.2% 21.0d
Winston - NC$281,131 +2.8% 19.0d
Durham - NC$411,727 -1.7% 17.0d
Fayetteville - NC$257,381 +0.6% 24.0d
Asheville - NC$425,516 -3.8% 58.0d
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