SW Charlotte/Steele Creek Housing Update: November 2018

SW Charlotte/Steele Creek housing update for November 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 November. Inventory remained low, especially in affordable homes, and particularly in the 28273 zip code, which had just over one month’s supply of homes for sale.

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



Southwest Charlotte Remained A Seller’s Market in November 2018

  • The average sale price of SW Charlotte homes increased in the 28273 zip code by 10.9% to just over $227,000. In the 28278 zip code sale prices increased by 8.9% to just over $388,000 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 13% to $226,000 and up by 16.4% to $340,000 in the 28278 zip code.
  • Average days on market for property listings were 27 days in the 28273 zip code and 32 days in the 28278 zip code.
  • Median days on market were 14 days in the 28273 zip code and 62 days in the 28278 zip code in November 2018. There is new construction in the 28278 zip code which increases days on market in this zip code.
  • Average price per square foot increased by 13.8% to $124/square foot in November 2018 versus the same period in 2017 in the 28273 zip code. In the 28278 zip code average price per square foot increased 6.3% to $134/square foot versus one year ago.
  • Pending sales were up 38.3% in 28273 zip code and down 18.9% in 28278 zip code in November versus the same month last year.
  • Year-over-year, closed sales were up 20.4% in 28273 zip code and down 10.8% in 28278 zip code. The closed sales increase in the 2827 zip code reversed the negative sales we saw in October 2018.
  • The median percent of original list price that sellers received for their homes was 98.4% in 28273 zip code and 97% in 28278 zip code, showing relatively little negotiating room for homes in southwest Charlotte, North Carolina.
  • New listings decreased 26.6% in the 28273 zip code and 3.6% in the 28278 zip code versus November 2017. It’s worth pointing out that the  decrease in the 28278 zip code was equivalent to a drop of three homes.
  • Southwest Charlotte’s months supply of homes in the 28273 zip code stood at 1.2 months and at 3.7 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 GreatHomesInCharlotte.com. You can search for all homes for sale in the 28173 zip code for sale here at: www.GreatHomesInCharlotte.com.




And don’t miss out on the newest home listings in Southwest Charlotte/Steele Creek. Sign up to receive email notification of homes as soon as they come on the market. You can customize your search to your specific needs and always be the first to know what’s coming on the market in southwest Charlotte.



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.

We’re happy to provide this information with no obligation on your part.


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.”