Charlotte Region Real Estate Market Update: December 2024

As we close out 2024, the Charlotte region's real estate market has shown significant growth and resilience.

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Overall Market Performance

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Closed Sales: December 2024 closed sales were up by 12.6%, with 2,604 transactions. Year-to-date, closed sales remained stable with a slight increase of 0.1%, totaling 34,044.

Median Sales Price: The median sales price in December 2024 was $400,000, a 6.5% increase from December 2023. Year-to-date, the median sales price rose by 2.9%, reaching $405,000.

Average Sales Price: The average sales price in December 2024 was $494,079, up 7.0% from December 2023.

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Percent of Original List Price Received: Sellers received 95.3% of their original list price in December 2024, a slight decrease of 1.3% from the previous year.

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Days on Market: Homes spent an average of 49 days on the market in December 2024, a 44.1% increase from December 2023. Year-to-date, the average days on market increased by 5.7%, reaching 37 days.

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County-Specific Highlights

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• New Listings: Up 4.3% in December 2024, with 876 new listings.
• Closed Sales: Increased by 6.8%, totaling 1,142.

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• Median Sales Price: Rose by 8.5% to $445,000.

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• New Listings: Slight decrease of 0.6%, with 170 new listings.

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• Closed Sales: Significant increase of 30.8%, totaling 272.
• Median Sales Price: Up 0.6% to $438,736.

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• New Listings: Decreased by 7.4%, with 250 new listings.

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• Closed Sales: Increased by 17.5%, totaling 275.
• Median Sales Price: Up 4.8% to $315,000.

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• New Listings: Decreased by 31.9%, with 177 new listings.

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• Closed Sales: Increased by 10.6%, totaling 250.

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• Median Sales Price: Slight decrease of 0.8% to $390,000.

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• New Listings: Decreased by 10.4%, with 180 new listings.

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• Closed Sales: Increased by 18.5%, totaling 231.
• Median Sales Price: Up 10.0% to $385,000.

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• New Listings: Increased by 22.6%, with 266 new listings.

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• Closed Sales: Increased by 11.9%, totaling 300.
• Median Sales Price: Up 3.1% to $371,000.

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• New Listings: Increased by 26.0%, with 126 new listings.

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• Closed Sales: Increased by 31.2%, totaling 122.
• Median Sales Price: Remained stable at $385,000.

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Conclusion

The Charlotte region's real estate market has demonstrated robust growth and stability throughout 2024.

​ As we move into 2025, we anticipate continued growth and opportunities for both buyers and sellers in the region. 

Stay tuned for more updates and insights into the Charlotte real estate market. If you have any questions or need assistance with your real estate needs, feel free to reach out to our team of experts.

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