Ballantyne real estate in September 2023 saw home sale prices increase year-over-year and month-over-month. The list to sale price ratio remained over 100%. Homes sold quickly with days on market just 19 days. Sales were down due to lack of inventory and new listings. New listings were at their lowest level since February 2023. Inventory was at its lowest level since May 2022.
BALLANTYNE AREA HOUSING MARKET HIGHLIGHTS
BALLANTYNE HOME SALE PRICES UP
Median sale price in September 2023 was $550,000, up 15.2% from $477,450 in September 2022. The median sale price was up 4.78% from $524,900 in the previous month of August. The September 2023 median sale price was at its highest compared with September 2022 and September 2021.
Average sale price in September 2023 was $669,404, increasing 11.55% from $602,770 in September 2022 and up 7.55% from $622,414 in August 2023.
Average Sale Price Per Square Foot was $251 in September 2023, up 1.21% compared with the previous month of August and 9.61% higher than the $229 price per square foot for Ballantyne homes in September 2022.
BALLANTYNE HOMES’ LIST TO SALE PRICE RATIO OVER 100%
Home sellers received 100.41% of list price in final sale price in September 2023. The list to sale price ratio was flat compared with September one year ago and with the previous month of August.
BALLANTYNE AVERAGE DAYS ON MARKET UNDER ONE MONTH
Average days on market for Ballantyne area homes in September were 19 days, up from 11 days in the previous month of August. Average days on market were one day higher compared with September 2022 and 7 days higher than in September 2021.
The number of properties sold in September 2023 was 61, down 26.51% from 83 homes sold in the previous month of August. Compared with September 2022, the number of properties sold was 33.7% lower. September 2022 closed sales were 92. September 2021 closed sales were 125.
BALLANTYNE INVENTORY AT ITS LOWEST LEVEL SINCE MAY 2022
Ballantyne’s inventory of properties for sale in September 2023 was 287, down one property compared the previous month of August and 20.72% lower than the 362 properties for sale in September 2022. The housing inventory was at its lowest level compared with September 2022 (362 active listings) and September 2021 (301 active listings). This was the fifth consecutive month that housing inventory declined in Ballantyne.
NEW LISTINGS DOWN YEAR-OVER-YEAR & MONTH-OVER-MONTH
The number of new listings in Ballantyne area in September 2023 was 69, down 2.82% from 71 in the previous month of August. New listings were 20.69% lower compared with September 2022. New listings were at their lowest level compared with September 2022 (87 new listings) and September 2021 (116 new listings). New listings were also at their lowest level since February 2023.
Want to know what this would mean for your family if you decide to buy or sell a Ballantyne home?
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 for 24+ years.
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: