Charlotte Real Estate Guide
Referred to as the Queen City, Charlotte is known for treating its residents like royalty. With a rich history, delectable cuisine, entertaining professional sports, and more, it’s no surprise that Charlotte real estate has taken off as people strive to settle down in this southern metropolis.
Whether you’re looking to buy or sell a home in Charlotte, it helps to have a professional by your side to help navigate this competitive market. With decades of valuable industry experience, the experts at Mark Spain Real Estate are more than well-equipped to guide you through the Charlotte housing market. Below, we’ve compiled a comprehensive guide to Charlotte real estate for potential buyers and sellers of the Queen City.
Charlotte Real Estate Guide
Charlotte Real Estate Overview
As a prospective home buyer or seller, you should study local real estate trends before diving headfirst into the Charlotte housing market. While evaluating market conditions, our experts recommend paying attention to the following factors before entering the local market:
Median Listing Price
The median home price for a Charlotte home is $401,000 as of May 2023.
Number of Active Listings
The number of active listings in Charlotte as of May 2023 is 506 listings, down 44% from the previous month.
Days on Market
As of May 2023, the average number of days on the market for Charlotte listings is 33 days, up 32% from May 2022.
How Much Do Homes in Charlotte Sell For?
Charlotte’s real estate market yields a median sale price of $349,000 as of May 2023. And given Charlotte’s growing popularity, this upwards trajectory will likely continue. Charlotte fosters a growing pool of home buyers, from newcomers coming from outside metros to longtime residents finding new homes within the area.
In fact, 73% of Charlotte’s home buyers were internal prospects looking to relocate to another part of the city. Frankly, though, this doesn’t come as a surprise, as visitors and locals alike just can’t seem to get enough of the Queen City!
When Is the Best Time to Buy or Sell a Home in Charlotte?
Because Charlotte real estate is competitive, it’s important to strategically time your listing or home purchase. If you’re in the market to buy a home, your time to buy may depend on your specific goals. If you’d like to maximize your selection of listings, you’ll want to begin your house hunt in the spring. April, May, and June are Charlotte’s most popular months for new listings. However, this time of year also yields the highest asking prices due to increased buyer demand. So, if you prioritize lower prices, consider shopping for homes in the fall, with plans to buy in early winter. During this time, supply and demand are lower, meaning sellers will be more willing to negotiate on price to get their homes off the market.
Charlotte’s selling trends also fall in line with these same seasonalities. Selling a home during the spring and summer will maximize your buyer pool and profit potential. Generally, the best month to sell a home fast is May, while the worst is January. On the other hand, the best time to sell a home for the maximum price is June, with the worst month being December. Ultimately, you can’t go wrong with putting your home on the market as the weather warms up. Though this time of year will see a lot of competition among sellers, it will also boast a big enough buyer pool for quick and profitable closings.
How Can I Sell My Home Fast in Charlotte?
Charlotte real estate is hot, and homes practically fly off the shelves. On average, Charlotte properties receive three offers and sell in around 36 days. So, if you’re hesitant that your Charlotte home will have a stagnant sale, rest assured you have nothing to worry about. However, if you are interested in solidifying your home-selling approach, our experts know just how to sell a Charlotte home. The experienced listing consultants at Mark Spain Real Estate offer exclusive market insight and top-performing home-selling strategies to streamline your home sale. From advising on home improvements to setting a fair listing price, our agents can give your listing the competitive edge needed to thrive in the Charlotte housing market.
What Are the Best Neighborhoods in Charlotte?
The Charlotte real estate market boasts several stunning neighborhoods for residents to choose from. From high-rise condos in the city to cozy bungalows on the outskirts, Charlotte real estate offers all kinds of areas and homes for sale that make residents love living in the local community. Read below for our list of Charlotte’s best neighborhoods and nearby cities.
As a hub for entertainment, food, and culture, Downtown Charlotte is one of the most sought-after areas in the state. With historical museums, upscale dining, and premier shopping, Downtown Charlotte fosters a magnetic energy that draws people in. Residents in this area often reside in stunning family residences or modern townhomes.
Just minutes west of Charlotte, Gastonia offers city proximity while also giving residents a taste of the Carolinas’ natural beauty. This North Carolina city boasts charming family houses and starter homes for its 77,000 residents.
Rock Hill sits in the heart of the Carolinas and offers the convenience of a big city but the feel of a small town. Offering historic charm and a family-friendly atmosphere, Rock Hill is the perfect place for new homeowners to settle down and start their next chapter.
Although its located in South Carolina, Fort Mill is a staple of the Charlotte metropolitan area. Home to over 22,000 residents, this sought after suburb is one of the most popular places to settle down in the Carolinas.
Concord is a North Carolina city located just 30 miles northeast of Charlotte. As the second-largest city in the Charlotte metro area, Concord is the perfect blend of a large city with a serene, suburban touch.
Sell a Home in Charlotte with Mark Spain Real Estate
Do you want to buy or sell a home in Charlotte? The industry professionals at Mark Spain Real Estate are here to help you navigate Charlotte real estate. With decades of industry experience, our team will help you become an expert in the Charlotte housing market hassle-free! Check out our Guaranteed Offer Program for the potential to receive a competitive cash offer on your home in only 21 days. Contact our agents today!