š” Thinking about buying a home in Charlotte? Get the latest market insights, price trends, and expert tips to make the right move in 2025! šāØ
Market Overview
The Greater Charlotte Metro real estate market remains dynamic, with an active inventory and steady sales volume. Here’s what you need to know:
- Total Residential Listings: 12,657 properties across various statuses.
- Average Active Listing Price: $521,945
- Average Closed Price: $492,187
- Average Days on Market (DOM) for Sold Homes: 55 days
- Pending Sales: 3,601 homes under contract
This data suggests a balanced market with moderate activity, making it a favorable environment for both buyers and sellers.
Current Inventory & Pricing Trends
The inventory breakdown shows a healthy mix of active, pending, and closed sales:
- Active Listings: 3,485 homes with an average price of $521,945
- Homes Under Contract: 3,601 homes (combined “No Show” & “Show” statuses)
- Closed Sales in January 2025: 3,270 homes at an average price of $492,187
- Expired & Withdrawn Listings: A total of 1,832 homes, indicating some challenges for higher-priced properties.
The price per square foot remains strong, with higher-priced homes seeing longer market times.
Price Segmentation & Buyer Insights
Affordable & First-Time Buyer Market ($200K – $350K)
- Most active price segment: $300K – $350K (387 homes sold in January)
- Homes in this range sell the fastest, with strong demand and low inventory.
- Financing: Conventional (1,882 sales), FHA (392 sales), VA (168 sales) ā showing good lending options.
Move-Up & Luxury Market ($500K+)
- $500K – $699K range remains strong: 665 homes sold in January.
- $1M+ market is active but slower, with 177 homes sold in this segment.
- Buyers at this level need to be patient as higher-end homes see longer days on market.
Market Conditions & Buyer Recommendations
ā
Buyers should act quickly in the $200K-$400K range as demand remains strong.
ā
Luxury home buyers may find better negotiation opportunities, especially on properties over $1M.
ā
Mortgage rates and financing options remain favorable, with conventional loans dominating.
ā
Expect some competition in well-priced homes, but luxury listings may offer price flexibility.
Final Thoughts
The Greater Charlotte Metro real estate market in early 2025 is healthy and balanced. Affordable and mid-range homes are moving quickly, while luxury homes offer buyers more room for negotiation. If you’re thinking about buying, now is a great time to explore your options, especially before the spring market heats up.
š Contact us today for a personalized market analysis or to schedule a home tour!
