NC · Metro #23

Charlotte - NC housing market

The Charlotte metro has a typical home value of $390,321, down 0.4% from a year ago. Homes sell in 20 days on average - a balanced market. 26% of listings have had a price cut. Data from Zillow Research, updated monthly.

Typical home value
$390,321
-0.4% vs. year ago
Median sale price
$389,930
+1.4% YoY
Median list price
$430,933
Sale-to-list ratio
98.3%
Selling below ask
Days on market
20d
Listings w/ price cut
25.8%
New listings / mo
4,113
+3.9% YoY
Homes for sale
13,321
+11.8% YoY
Typical rent
$1,740/mo
+0.3% YoY
Context

How to read this data

The typical home value ($390,321) 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 $391,889 last year is now worth roughly $390,321.

The median sale price , what homes actually close for , is $389,930. Homes are selling at 98.3% of list price, meaning buyers have room to negotiate.

Homes listed in Charlotte - NC sit on the market for roughly 20 days before going pending. Shorter = seller's market; longer = buyer's market.

About 25.8% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.

Roughly 4,113 new listings hit the market each month in Charlotte - NC. There are currently 13,321 homes for sale, up 11.8% from a year ago.

The typical monthly rent in Charlotte - NC is $1,740, up 0.3% 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$438,364 -2.2% 16.0d
Greensboro - NC$266,370 +1.5% 16.0d
Winston - NC$283,871 +2.8% 14.0d
Durham - NC$414,340 -1.9% 14.0d
Fayetteville - NC$259,183 +0.6% 20.0d
Asheville - NC$428,742 -3.6% 37.0d
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