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It's a seller's market

It's a seller's market

Charlotte home prices up 4.2%

Ronnie Njang
February 13, 2025 • Estimated Reading Time: 6 minutes

Charlotte Home Prices Up 4.2%—Is the market heating up again? We are only 44 days into 2025 and the median home price in Charlotte is expected to increase due to economic growth and demand. However, higher interest rates may make homeownership less affordable for some buyers.

The Main Deal

Charlotte’s housing market is showing signs of a rebound. In January 2025, the median list price of homes in Charlotte was $430,000, which was higher than the previous year's median of $393,000. This indicates that Charlotte remains a seller's market.

Neighborhoods like Wesley Heights, Optimist Park, and Villa Heights are seeing heavy inventory.

Analysts predict that home prices in Charlotte will continue to increase at a slower rate, with a 3–4% annual increase over the next two years.
The steady appreciation of home prices suggests that Charlotte will remain an attractive market for both homeowners and investors.
MeckTimes.com predicts that the Charlotte real estate market is poised for moderate growth in 2025.

What does this mean? If you’re a buyer, expect bidding wars on well-priced homes. Sellers still hold leverage but need realistic pricing. Investors? Rents in Uptown have remained relatively steady.

Deals of The Week

We’ve identified the best home deals in the market for a primary home or an investment property.

Neighborhood Watch: Optimist Park

🔥 Why It’s Hot: Buyers are flocking here because of its location—proximity to the center city and the Charlotte Douglas Airport—transportation, range of housing options, and vibrant atmosphere.

Median home price: $576.3K
Avg. days on the market: 30
Best for: Young professionals and urban dwellers.
The bottom line: Optimist Park’s growth is steady, but if you prefer to be away from the center city with better appreciation, look at Northlake—it’s 20% cheaper and rising fast.

Open Houses

If you’re in the mood to check out some homes this weekend just to get a feel for what’s out there, you can stop by one of these amazing open houses this weekend.

Quick Hits

Homes in Charlotte, NC sold for 1.21% below the asking price on average in December 2024
Carolina Property Management reports that rent prices in Charlotte have decreased by 5.2% from 2023 to 2024.
Uptown: Rents in Uptown Charlotte have decreased by 3%.
Studio rents have increased to $1,497, according to Apartment List.
One-bedroom apartments have remained relatively steady at $1,505.
Prices for larger three-bedroom apartments have dipped.
Supply outpacing demand has driven down prices to attract renters.
It's become common for apartments in Charlotte to offer concessions, such as a month of free rent.
Charlotte is currently among the cities with the largest rent reductions.

Insider Intel

📢 “Buyers are still on the fence, but we’re seeing multiple offers on anything under $500K. The moment rates hit 5.5% expect a frenzy.” — Susan G, Local Realtor

If you're buying a home in Charlotte, you may be able to get a good deal. 59.8% of homes here sold below the asking price last month. Many homes in Charlotte are selling fast, if you're buying plan to act quickly.

The Takeaway

Everyone is waiting for prices to crash. They won’t. Charlotte’s growth isn’t slowing down, and smart buyers are locking in deals before the competition gets worse.

That’s it for this week. Know someone buying or selling in Charlotte? Please forward this to them.