Charlotte Real Estate March 2025

Published On: April 20, 2025|Categories: Buying a Home, Charlotte, Housing Market Reports/Updates, NC Region, Owning A Home, Real Estate, Real Estate Market, Selling a Home|Tags: charlotte, charlotte homes for sale, charlotte real estate, charlotte real estate february 2025, charlotte real estate report, charlotte region housing market update, charlotte region real estate, free home equity analysis, great homes in charlotte, housing market forecasts for 2025, winter is a good time to sell your home|

Latest news on Charlotte real estate March 2025 and what it means for you…

March 2025 closed home sales declined 2.9% year-over-year in the 16-County Charlotte region. Closed sales surged 30% month-over-month, however, showing positive momentum for the spring market. The high-end segment of Charlotte’s real estate market continued to drive sales growth. Properties priced $700,000+ had a 19.4% increase in sales, signaling strength in Charlotte region’s luxury segment. Properties prices $600,000-700,000 saw an increase of 12.2%, while properties priced $500,000-600,000 saw a 7.9% increase. Buyer demand is high for well-connected, amenity-rich suburban communities in the Great Charlotte region. Sales in more affordable ranges declined. Properties priced $200,000-300,000 declined 3.6%.

Pending sales improved 15.1% year-over-year. Month-over-month, pending sales rose 24%, signaling strong buyer interest.

Days on market increased 31% to 55 days in March compared with the same month one year ago when they stood at 42 days. Month-over-month, the days on market were unchanged.

The Charlotte region’s home prices remained stable in March 2025. Average sale price increased 6.8% in March 2025 to $511,564 compared with the same month one year ago, while the median sale price increased 2.6% year-over-year to $395,000.

The March 2025 list to sale price ratio dipped slightly to 96.1%. Month-over-month, the list to sale price ratio increased 0.2%. Home buyers are seeing opportunities to negotiate on price.

March 2025 new listings increased 15.5% year-over-year. March 2025 marks the 17th consecutive month of increases in new listings. Despite the increase in new listings, the average list price increased 6.7% in March compared with the same month one year ago.

Overall inventory increased 39.4% compared with the same month last year. Inventory rose sharply in the mid-to-upper price ranges in March. Inventory of homes priced $700,000+ increased 67.8%. Inventory of homes priced $600,000-700,000 jumped 104.4%. Inventory of homes priced $500,000-600,000 increased 92.5%.

Despite the increase in new listings and inventory, March’s months supply of homes for sale at 2.6 months, kept Charlotte region in “home seller territory.” Although the Charlotte Region had more homes for sale in March 2025 compared with one year ago, the Charlotte housing market is not fully balanced as yet and buyer demand continues to outpace supply.

CHARLOTTE REGION MARCH 2025 REAL ESTATE SNAPSHOT

Based on information from Canopy MLS for the period March 1, 2025-March 31, 2025 in the 16 County Charlotte Region.

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