Buy now or wait?

Key insights to guide your decision.

Author

Ronnie Njang
February 20, 2025 • Estimated Reading Time: 6 minutes

Charlotte home prices are up 5%. Should you buy now or wait?

Home prices in Charlotte continue to rise, leaving many wondering if now is the right time to jump into the market or sit tight and wait for a potential slowdown.

With mortgage rates fluctuating and inventory levels shifting, timing your move could mean the difference between a great deal and overpaying.

Let’s take a closer look at market trends, interest rates, and what it means for buyers and sellers.

📩 New Subscriber? Join the VIP List for early access to off-market deals, exclusive perks, and insider tips!

Market Recap

  • Median Home Price: $425K (up 2.4% compared to the previous year. Charlotte’s growth rate outpaces the national average)

  • Median Sold Home Price: $415K ($243/SqFt). Homes sold for 1.12% below asking price on average.

  • Days on Market (DOM): 58 days, trending down—homes are selling faster now.

  • Buyer Demand: High—with millennials driving 50% of purchases (multiple offers are becoming more common, especially in desirable areas like South End).

  • Interest Rates: Currently 5.75% to 6.875, slightly lower than previous months.

🔍 What This Means for You:

  • Homebuyers: Lock in the lower rates before they increase again! The market is competitive OR Time is of the essence. The inventory is low, but the market is heating up, making now a competitive time to buy.

  • Homeowners: Considering selling? Now’s the time to capitalize on the short inventory and high demand.

  • Investors: Focus on areas with high appreciation potential like South End and NoDa. Market trends point to rising property values.

Charlotte remains a Seller's Market. Charlotte's real estate market remains strong, with rising prices, high demand, and homes selling faster.

Buyers should move quickly, homeowners can capitalize on appreciation, and investors may find solid opportunities in a growing market.

Deals of the Week

  • Property Type: 4BR/3BA/2,426 sqft

  • Price: $469K ($15K Price cut)

  • Why It’s a Steal: This home’s value has increased by 29% in the last 2 years.

  • Exclusive Access: VIP members get priority showings before it hits MLS.

  • Property Type: 5BR/3BA/2,438 sqft

  • Price: $501K ($7K Price increase)

  • Why It’s a Steal: This home's value has increased by 9% in the last year. Despite the price increase, it’s still a very good deal for a first-time home buyer.

  • Exclusive Access: VIP members get priority showings before it hits MLS.

  • Property Type: 4BR/3BA/2,288 sqft

  • Price: $549.5K ($25K Price cut)

  • Why It’s a Steal: This home’s value has increased by 1198% in the last 10 years.

  • Exclusive Access: VIP members get priority showings before it hits MLS.

📩 Want to see more off-market gems? Join the VIP List to get access to next week’s exclusive listings.

Homeowner Insider Tips

  • Kitchen Remodel Tip: Upgrade your cabinet hardware to sleek, modern handles. This can increase your home's value by $10K+.

  • Bathroom Refresh: Swap out old faucets for water-efficient models—save on utility bills and improve aesthetics. ROI: 80%+

  • Front Door Makeover: Paint your front door with a bold color like navy blue or dark green. Simple but can boost curb appeal by 5-10%.

  • Outdoor Space: Create a charming patio area—a prime spot for relaxation and entertaining that can increase property value by up to $15K.

Why These Matter: Investing in small home upgrades can yield significant returns, especially if you plan to sell soon.

💸 Exclusive Offer: 20% OFF your first home inspection service from our partner home inspection expert. Limited time!

Exclusive Perks & Money-Saving Offers

  • HVAC Tune-Up Deal: $99 or 15% OFF seasonal HVAC tune-up to ensure your system is working at optimal efficiency.

  • Roof Inspection Offer: Get a free roof inspection (Normally $200) when you book a home warranty plan.

  • Smart Home Upgrade: Save 10% on your next smart thermostat or home automation installation.

📩 Interested in these deals? Submit your request here and we’ll connect you with our partners.

Around the Block

📍 Featured Neighborhood: NoDa

  • Why It’s Hot: Known for its artsy vibe and rich cultural heritage, NoDa is on the radar of many millennials and investors looking for rental properties.

  • Current Avg. Price: $500K (Up 5% YoY)

  • Neighborhood Features:

    • Vibrant arts scene

    • Easy access to light rail

    • Great proximity to uptown

  • Future Growth: Expect 7-10% annual appreciation over the next 5 years due to the continued development of surrounding areas.

💡 Insider Insight: NoDa’s real estate prices are climbing as more businesses set up in the area, and with new residential complexes being built, it’s expected to see steady growth.

📩 Want more listings in NoDa? Join the VIP List for a list of properties in the area, including off-market opportunities.

That’s it for this week.

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