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What's new in Charlotte?

What's new in Charlotte?

Home prices are are 3.7% from last month

Ronnie Njang
March 06, 2025 • Estimated Reading Time: 6 minutes

Charlotte Market Snapshot

A quick glance at the key numbers this week:

Median Home Price: $423,310 (Up 3.7% from last month)
Average Rent (2BR Apt): $1,388
Average Mortgage Rate (30-year fixed): 6.726%
Avg Days on Market: 64 days

What this means: A strong market with rising home prices, stable rental rates, and relatively quick home sales, suggesting a competitive environment for buyers.

Neighborhood Spotlight: NoDa (North Davidson)

A deep dive into one of Charlotte’s hottest or most overlooked areas.

Median Home Price: $465,000
Avg Rent: $1,850/month for a 2-bedroom apartment
Vibe: A vibrant, artsy hub with eclectic galleries, breweries, and live music venues, attracting young professionals and creatives.
Fun Fact: NoDa was once an industrial mill village but has transformed into Charlotte's go-to destination for art and culture, making it a hotspot for those seeking a lively community.

Why it matters: The rising home prices and rental rates reflect NoDa's growing popularity and investment potential, driven by its unique character and proximity to Uptown.

Best Real Estate Deals This Week

A curated list of notable home & rental deals in Charlotte.

Price Drop of the Week

Trellis at The Commons Community – Was $505K, Now $479K (-$26K)

Why it’s a deal: A fully furnished home is bound to leave you in awe. It features a bright, open-concept layout with numerous versatile spaces. Its design is comfy, cozy, and full of charm. Beautiful warm wood finishes, quartz countertops, and warm lighting blend seamlessly with its elegant farmhouse touches. The spa-inspired primary bathroom boasts a luxurious walk-in shower with a built-in seat, offering both comfort and convenience. This stunning home is the perfect setting for your growth, just steps away from Harrisburg's fun and with quick access to nearby attractions.

Hidden Gem (Investor/Fixer-Upper Opportunity)

2916 Iron Gate Ln – $185K

Why it’s worth a look: The Seller’s offering $5,000 in closing costs to the buyer if able to close by the end of March! Just 5 miles from the vibrant Oakhurst neighborhood and 6 miles from SouthPark Mall, this garden-level condo offers an ideal location and a world of possibilities. Filled with natural light, the unit provides enhanced privacy and features hard flooring throughout the living areas and bedrooms, complemented by tile in the kitchen and bathrooms. The back patio has been extended with concrete blocking and includes a cover, creating a perfect space for outdoor relaxation or entertaining. While the property needs a little TLC, it’s being sold as-is, making it an excellent investment opportunity or a great option for first-time buyers ready to add their personal touch!

Rental Deal of the Week

Matheson Mill by Broadstone (Optimist Park) – $1,358/month (Neighborhood average: $1,725/month)

Why it’s a steal: With its prime location near Uptown and the added benefit of 2 months free, this deal offers significant savings compared to the neighborhood average, making it an excellent option for renters seeking affordability and convenience in a rapidly growing area.

Upcoming Open Houses

Homes you can visit this weekend!

423 Grantham Ln – $425,000 | 8:00 AM - 7:00 PM | See Details
3012 Seville St – $425,000 | 12:00 PM - 2:00 PM | See Details
9407 Seamill Rd – $466,000 | 8:00 AM - 7:00 PM | See Details
13807 Queenswater Ln – $425,000 | 11:00 AM - 1:00 PM | See Details
9139 Hearst Ct – $485,000 | 8:00 AM - 7:00 PM | See Details

Looking for a specific home? Reply & tell us!

Homeowner’s Tip of the Week

Simple, practical advice for maintaining or improving your home.

Check Your HVAC Filter

Why it matters: Checking and maintaining your HVAC filter is crucial for several reasons:

Energy Efficiency: A clean filter allows your HVAC system to operate more efficiently, reducing energy consumption and lowering utility bills.
System Longevity: Regular filter maintenance prevents system breakdowns by reducing strain on the HVAC system, which can lead to costly repairs or premature failure.
Indoor Air Quality: Clean filters capture dust, pollen, and allergens, improving indoor air quality and creating a healthier living environment, especially for those with allergies or respiratory issues.
Cost Savings: Regular filter checks are a simple and cost-effective way to maintain your HVAC system, saving you money on both energy bills and potential repair costs.