Charlotte Market Data August 2025

• Median Sold Price (All Homes): $467,000 (July 2025 data, -2.7% YoY compared to July 2024)
• Median Price Per Square Foot: $245 (July 2025 data)
• Days on Market (DOM): 34 days (as of August 4, 2025, a slight increase YoY)
• New Listings (July 2025): 4,116 new listings (region-wide)
• Homes Sold (Closed, July 2025): 4,116 (region-wide, +8.3% YoY)
• New Pending Sales (July 2025): Pending sales were up 7.6% year-over-year in the Charlotte region, indicating strong continued buyer interest.
• Total Active Listings: 11,478 (as of August 4, 2025, region-wide, up nearly 36% YoY)
• Months of Supply: 3.2 (as of July 2025, an increase from 2.5 last year, moving toward a balanced market)
• Sale-to-List Price Ratio: 96.6% (July 2025, indicating homes are selling at 96.6% of their asking price on average)
• Homes Sold Over/At/Under Asking (July 2025): The 96.6% Sale-to-List Price Ratio indicates a trend towards homes selling at or slightly below asking. More precise over/at/under percentages can vary by property type and price point. (For example, July 2025 data for Mecklenburg County suggested ~21% sold at asking, ~75% sold under asking, and ~4% sold over asking.)
• Average 30-Year Fixed Mortgage Rate: 6.88% (as of August 4, 2025)
• Median Household Income (Charlotte): $74,073 (2023 data)
• Unemployment Rate (Charlotte): 3.4% (as of June 2025, lower than state average)
• Average Rent (Charlotte): $1,577/month (as of July 2025, average for apartments)
• Homes with Price Reductions: A notable number of active listings in Charlotte have undergone price reductions, suggesting a shift where sellers are adjusting to market demand and providing more opportunities for negotiation.

Key Insight: The Charlotte market in July 2025 is showing a significant shift toward a more balanced market, with a notable increase in inventory and months of supply. While the median sold price has seen a slight year-over-year decrease, a cooling from previous peaks, demand remains steady with an increase in closed sales. Buyers are gaining more options and negotiation power, evidenced by longer days on market and a sale-to-list price ratio of 96.6%. The market continues to be supported by a robust local economy and population growth, but the days of multiple-offer bidding wars and significant over-asking sales are becoming less common.

Charlotte Market Data July 2025

The **Charlotte, NC real estate market** remains dynamic. As of June 2025, it’s shifting towards a **more balanced market**, with inventory increasing by approximately 27.2% year-over-year. The median home sale price in Charlotte is around **$405,000**, showing a steady 5.9% increase from last year. Homes are taking slightly longer to sell, averaging around 40-60 days on the market, compared to faster periods previously. This shift provides buyers with more options and some negotiating power. Our local experts continuously monitor these trends. We provide real-time data and analysis to help you make informed decisions in Charlotte’s evolving market.