Did You Know? Home Prices Vary Widely Across Charlotte

Did you know that the median home price in Charlotte reached approximately $416,000 in February, according to recent housing market data reported by the Charlotte Observer using Redfin market analysis?

While prices across the city increased modestly, rising about 1.5% year-over-year, housing costs vary widely depending on the neighborhood.

Recent examples from across the city include:

• Myers Park: median home price roughly $1.7 million
• Plaza Midwood: median home price about $775,000
• Ballantyne West: median home price about $430,000
• Steele Creek: median home price about $365,000

The pace of the market has also slowed slightly, with homes now averaging about 88 days on the market, compared with about 54 days this time last year.

Key takeaway: Homeownership costs in many Charlotte neighborhoods remain out of reach for many working households, reinforcing the importance of maintaining a diverse housing supply, including apartments, across the region.

For a closer look at how home prices are shifting across Charlotte neighborhoods, see the full article:

Read more:
Charlotte Observer – “Charlotte home prices from Myers Park to Steele Creek are in flux, report finds.”
https://www.charlotteobserver.com/news/business/article315130064.html?tbref=hp