Southwest Charlotte/Steele Creek Housing Update: December 2018

Southwest Charlotte/Steele Creek housing update for December 2018 . Charlotte, North Carolina’s southwest/Steele Creek area (28273 and 28278 zip codes) continued trends we’ve seen all year. Home prices increased in December with median sale prices increasing by double digits. Inventory remained low, especially in affordable homes, and particularly in the 28273 zip code, which had just one month’s supply of homes for sale.

Video Update For The SW Charlotte/Steele Creek Housing Market: December 2018



Southwest Charlotte Remained A Seller’s Market in December 2018

  • Average sale price of SW Charlotte homes increased in the 28273 zip code by 4.6% to just under $225,000. In the 28278 zip code sale prices increased by 10% to just under $367,000 compared with the same time frame one year ago.
  • Median sale price in both the southwest Charlotte zip codes was up by double digits. In the 28273 zip code up by 19.6% to $236,500 and up by 11.7% to $348,750 in the 28278 zip code.
  • Average days on market for property listings in December 2018 were 40 days in the 28273 zip code and 84 days in the 28278 zip code.
  • Median days on market were 23 days in the 28273 zip code and 47 days in the 28278 zip code in December 2018.
  • Average price per square foot increased by 8.8% to $123/square foot (a $10 per square foot increase) in December 2018 versus the same period in 2017 in the 28273 zip code. In the 28278 zip code average price per square foot increased 4.1% to $126/square foot versus one year ago ($5 per square foot increase year-over-year).
  • Pending sales were up 15.6% in 28273 zip code and down 3.2% in 28278 zip code in December 2018 versus the same month last year.
  • Year-over-year, closed sales were up 21.2% in 28273 zip code and down 38.8% in 28278 zip code.
  • The median percent of original list price that sellers received for their homes was 98.1% in 28273 zip code and 96.4% in 28278 zip code, showing relatively little negotiating room for homes in southwest Charlotte, North Carolina.
  • New listings decreased 6.4% in the 28273 zip code and increased 22.9% in the 28278 zip code versus December 2017.
  • Inventory was up 39.4% in the 28273 zip code compared with one year ago, which no doubt helped increase pending and closed sales in December 2018. In the 28278 zip code, inventory was down 1% in December 2018 year-over-year.
  • Southwest Charlotte’s months supply of homes in the 28273 zip code stood at 1 months and at 3.4 months in 28278 zip code. The 28273 and 28278 zip codes in southwest Charlotte very much remain a seller’s market, especially in Steele Creek in the 28273 zip code.

It remains a seller’s market in the 28273 and 28278 zip codes and a competitive environment for home buyers in Southwest Charlotte, North Carolina.  

Southwest Charlotte Hot Neighborhoods To Watch

Wondering what the hot Southwest/Steele Creek neighborhoods in Charlotte are? Click on the picture below to discover the 8 hottest neighborhoods to be watching in the 28273 and 28278 zip codes.


Find Your Southwest Charlotte/Steele Creek Dream Home

It’s easy to find your dream home in Southwest Charlotte and Steele Creek at You can search for all homes for sale in the 28173 zip code for sale here at:



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Find Out What Your Southwest Charlotte/Steele Creek Home Is Worth

Wondering what your Southwest Charlotte/Steele Creek home is worth in today’s market? Find out by clicking on the picture below.  

If you’re thinking about selling your Southwest Charlotte area home, let’s get together and discuss the supply conditions in the 28273 and 28278 zip code neighborhoods and how we can assist you in gaining access to buyers who area ready, willing, and able to buy now.



Contact us if you’d like to receive our Neighborhood Analyzer Report on a monthly basis so you can keep track of home sales activity in your neighborhood.

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Click here to get your FREE Winter 2019 Home Seller Guide: Things To Consider When Selling Your House

Previous Housing Market Updates For Southwest Charlotte/Steele Creek

Buying Or Selling A Home In Southwest Charlotte/Steele Creek…

… The Right Broker Makes All The Difference!


This Charlotte, North Carolina real estate monthly update for Southwest Charlotte/Steele Creek is brought to you by Nina Hollander and Carolinas Realty Partners with Coldwell Banker Residential Brokerage, your Southwest Charlotte area specialists and Charlotte metro area residential real estate experts. We’ve been opening doors for home buyers and sellers in Southwest Charlotte/Steele Creek for 20+ years.

If you’re considering selling or purchasing a home in the 28278/28273 zip codes, I’d love an opportunity to earn your business, exceed your expectations, and to show you how:

 “The Right Broker Makes All The Difference.”

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