Charlotte, North Carolina started 2024 with a total of 860 single-family homes on the market, with a median home price of $440,000 and an average price per square foot of $277.71. By the end of the year, inventory had increased to 1,187 homes on the market (+38%), with a median home price of $458,000 (+4%), and an average price per square foot of $276 (-1%).
At the start of 2024, the median days on market (DOM) was 49 days – by the end of the year, median DOM had increased to 63 days.
Charlotte, North Carolina started the year with 35.58% of homes taking a price cut. (For reference, 35% is the national average for price reductions in a "normal" year.) By the end of the year, about 48.36% of homes for sale had taken a price cut.
