Is Mecklenburg County, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Mecklenburg County has remained a Seller's Market.
Housing Prices in Mecklenburg County, NC
How much do homes in Mecklenburg County, NC cost?
Median Sold Price
$430,986
$230/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Mecklenburg County was $430,986 in April 2024, up 3.8% from last year, and the median price per square foot was $230.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $253.6K | $276.1K | +8.9% |
2 Bedrooms | $298.8K | $310.3K | +3.8% |
3 Bedrooms | $375.2K | $389.4K | +3.8% |
4 Bedrooms | $515.3K | $533.2K | +3.5% |
5+ Bedrooms | $716.1K | $760.7K | +6.2% |
Summary: Mecklenburg County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.9%, 2 bedroom homes increased by 3.8%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 3.5%, and 5+ bedroom homes increased by 6.2%.
Median Sold Price Compared To Nearby Counties
Mecklenburg County | $415K | $430.9K | +3.8% |
Union County | $443.8K | $459.9K | +3.6% |
York County | $379.7K | $387.6K | +2.1% |
Cabarrus County | $339.9K | $345.1K | +1.5% |
Gaston County | $300.1K | $301.8K | +0.6% |
Housing Supply in Mecklenburg County, NC
How many homes are available in Mecklenburg County, NC?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
4,590 | 4,751 | +3.5% |
Summary: The Mecklenburg County real estate market had 4,751 homes for sale in April 2024, a 3.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 109 | 116 | +6.4% |
2 Bedrooms | 604 | 621 | +2.8% |
3 Bedrooms | 2,062 | 2,045 | -0.8% |
4 Bedrooms | 1,287 | 1,371 | +6.5% |
5+ Bedrooms | 528 | 598 | +13.3% |
Summary: The Mecklenburg County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 6.4%, 2 bedroom homes increased by 2.8%, 3 bedroom homes decreased by 0.8%, 4 bedroom homes increased by 6.5%, and 5+ bedroom homes increased by 13.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
1,309 | 1,229 | -6.1% |
Asking Price vs. Sold Price
520 Homes Were Sold
Under Asking
285 Homes Were Sold
At Asking
424 Homes Were Sold
Over Asking
Summary: A total of 1,229 homes were sold or pending in Mecklenburg County in April 2024, down by 6.1% month-over-month. Of the 1,229 sold homes, 42% were sold under asking, 23% were sold at asking, and 34% were sold over asking.
Days on Market for Mecklenburg County, NC
How long does it take to sell a home in Mecklenburg County, NC?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
33 Days | 26 Days | -21.4% |
Summary: Homes in Mecklenburg County had an average of 26 days on market in Apr 2024, down by 21.4% compared to last year.
Breakdown of Home Sale Times
921 Homes Were Sold
Under 30 Days
169 Homes Were Sold
In 30 - 90 Days
113 Homes Were Sold
Over 90 Days
Summary: During April 2024, 1229 homes were sold in Mecklenburg County; 75% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.