Ballantyne Real Estate January 2025

Ballantyne area (28277 zip code) real estate report for January 2025

 

Ballantyne real estate January 2025 saw median home prices decline month-over-month, but improve 17+% compared with the same month one year ago. Average sale prices improved both month-over-month and year-over-year. List to sale price ratio remained flat at just under 98% compared with one month ago and one year ago. Ballantyne home buyers saw a small window of opportunity to negotiate on price in January. Sales declined month-over-month, but improved year-over-year. Days on market remained relatively low at 34 days, flat compared with the previous month and five days higher than one year ago. Housing inventory increased after two month of declines.  New listings increased substantially in January 2025 compared with one month ago and one year ago. Increases in new listings and inventory pushed the With months supply of inventory to 8.65 months, pushing Charlotte’s Ballantyne area (28277 zip code) into a market favoring home buyers.

 

 

BALLANTYNE REAL ESTATE MARKET TRENDS January 2025

Ballantyne area (28277 zip code) in Charlotte real estate trends in January 2025

 

 

BALLANTYNE HOME SALE PRICES 

Median sale price in January 2025 was $544,400, down 12.9% from $625,00 in December 2024. With home sale prices in the Ballantyne area ranging from the mid-$300,000s to over $2.3 million, the month-over-month decline in median sale price is more likely a result of the price mix of homes sold rather than an actual decrease in property values. The median sale price improved 17.08% from $465,000 in January 2024.  The January 2025 median sale price was at its highest level compared with January 2024 and 2023.

 

Average sale price in January 2025 was $679,487, up 3.32% from December 2024. The average sale price was 19.73% higher than $567.511 in January 2024. As with the median sale price, the January 2025 average sale price was at its highest level compared with January 2024 and 2023.

 

Average Sale Price Per Square Foot was $260 in January 2025, down 1.89% compared with the previous month of December and 8.33% higher than the $240 price per square foot for Ballantyne homes in January 2024.

 

 

BALLANTYNE HOMES LIST TO SALE PRICE RATIO STEADY

The list to sale price ratio of 97.95% in January 2025 was essentially unchanged from the previous month of December and unchanged from the list-to-sale-price ratio in January 2024.

 

 

BALLANTYNE AVERAGE DAYS ON MARKET JUST OVER ONE MONTH

Average days on market for Ballantyne area homes in January 2025 were 34 days, unchanged from the previous month after four consecutive months of increases. Average days on market were five days higher than in January 2024 and seven days lower than in January 2022. 

 

 

BALLANTYNE SALES DOWN MONTH-OVER-MONTH & UP YEAR-OVER-YEAR

The number of properties sold in January 2025 declined to 37, down 37.29% from 59 properties sold in the previous month of December. Compared with January 2024, the number of properties sold was 5.71% higher. January 2024 sales stood at 35. January 2023 sales stood at 48.

 

 

BALLANTYNE INVENTORY UP

Ballantyne’s inventory of properties for sale in January 2025 was 320, up 5.26% from 304 properties in December 2024 and 28.51% higher than the 249 properties for sale in January 2024. The number of properties for sale were higher by 52 compared with January 2023.

 

With 8.65 months supply of inventory, Ballantyne area moved into buyer “territory” in January 2025.

 

 

NEW LISTINGS UP

The number of new listings in Ballantyne area in January 2025 was 87, increasing 155.88%  from 34 in the previous month of December. New listings were 74% higher than in January 2024, which had 50 new listings. Compared with January 2023, new listings were up by 38 properties in January 2025.  

 

Want to know what this would mean for your family if you decide to buy or sell a Ballantyne home?

Contact Nina Hollander if you're curious about the Charlotte real estate market

 

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This Charlotte, North Carolina monthly Ballantyne real estate report is provided by Nina Hollander with Coldwell Banker Realty,   Ballantyne area specialist and neighbor and Greater Charlotte residential real estate expert. I’ve been opening doors for Ballantyne home buyers and sellers since 1999.

 

If you’re considering selling or purchasing a home in the Charlotte metro area, I’d love an opportunity to earn your business, to exceed your expectations, and to show you why experience matters and how:

 “The Right Broker Makes All The Difference.”

 

 

    

   

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