Ballantyne Real Estate March 2025
Ballantyne real estate March 2025 experienced a mix of trends. The median sale price declined to $550,000, down 6.62% from the previous month and was 15.38% lower than a year ago, reaching its lowest March level in three years. However, this decline reflects the types of homes sold rather than a decrease in home values. The average sale price rose 12.01% month-over-month to $697,329, though it was slightly lower than in March 2024. Homes sold for an average of $275 per square foot, marking a 4.56% increase from February and a 7% gain year-over-year.
Homes continued to sell close to their list prices, with a list-to-sale price ratio of 99.61%, showing little room for negotiation. The average days on the market fell to 21 days, a sharp drop from 34 days the month before, though slightly higher than in previous years. Sales volume increased, with 72 homes sold—up from both February and the same time last year.
Inventory grew to 330 homes, a 1.54% increase month-over-month and nearly 30% higher than one year ago. Despite this rise, the months supply of inventory dropped to 4.48, indicating a balanced market between home buyers and sellers. New listings increased to 101, up by 10 from the prior month and marginally higher (+1) than last year, although slightly down compared with March 2023.
BALLANTYNE REAL ESTATE MARKET TRENDS March 2025
BALLANTYNE HOME SALE PRICES
Median sale price in March 2025 was $550,000, down 6.62% from $589,000 in February 2025. The median sale price was 15.38% lower than in March one year ago. The March 2025 median sale price was at its lowest level compared with March 2024 and 2023. It’s noteworthy that the median price reflects the middle point of all the homes for sale at any given time, which is affected by the mix of homes on the market. A decrease in median price is not the same as a decrease in home values.
Average sale price in March 2025 was $697,329, up 12.01% from February 2025. The average sale price was 1.17% lower than $705,618 in March 2024. With home sale prices in the Ballantyne area ranging from the mid-$300,000s to over $2 million, the slight year-over-year decline in average sale price is more likely a result of the price mix of homes sold rather than an actual decrease in property values.
Average Sale Price Per Square Foot was $275 in March 2025, up 4.56% from $263 in the previous month and 7% higher than the $257 price per square foot for Ballantyne homes in March 2024.
BALLANTYNE HOMES LIST TO SALE PRICE RATIO JUST UNDER 100%
The list to sale price ratio of 99.61% in March 2025 was essentially unchanged from one month and one year ago. Ballantyne home buyers did not see many opportunities to negotiate on price in March 2025.
BALLANTYNE AVERAGE DAYS ON MARKET DOWN
Average days on market for Ballantyne area homes in March 2025 were 21 days, down from 34 days one month ago. Average days on market were 10 days higher than in March 2024 and three days higher than in March 2023. By any measure, 21 days on market is a quick turnaround.
BALLANTYNE SALES UP MONTH-OVER-MONTH & YEAR-OVER-YEAR
The number of properties sold in March 2025 increased to 72, up 14.29% from 63 properties sold in the previous month of February. Compared with March 2024, the number of properties sold was 5.88% higher in the current year. March 2024 sales stood at 68. March 2023 sales stood at 69.
BALLANTYNE INVENTORY UP
Ballantyne’s inventory of properties for sale in March 2025 was 330, up 1.54% from 325 properties one month ago. Inventory was 29.92% higher than the 254 properties for sale in March 2024. The number of properties for sale were higher by 52 compared with March 2023.
The months supply of inventory declined from 5.16 months in February to 4.48 months in March, keeping the Ballantyne area in a balanced market in the current year.
NEW LISTINGS UP
The number of new listings in Ballantyne area in March 2025 was 101, up 10.99% from 91 in the previous month of February. New listings were 1% higher than in March 2024, which had 100 new listings. Compared with March 2023, new listings were down by eight properties in March 2025.
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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, neighbor and Greater Charlotte residential real estate expert. I’ve been opening doors for Ballantyne home buyers and sellers since 1999.
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PREVIOUS BALLANTYNE AREA REAL ESTATE REPORTS
Ballantyne Real Estate February 2025
Ballantyne Real Estate January 2025
