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Friday, November 22, 2024

How did home prices perform in Charlotte during the third quarter of 2021?

Realestate1

The median sale price of a home sold in the third quarter of 2021 in Charlotte rose by $51,000 while total sales increased by 10.9%, according to BlockShopper.com.

From July through September of 2021, there were 5,650 homes sold, with a median sale price of $311,000 - a 19.6% increase over the $260,000 median sale price for the same period of the previous year. There were 5,093 homes sold in Charlotte in the third quarter of 2020.

The median sales tax in Charlotte for the most recent year with available data, 2019, was $2,071, approximately 0.7% of the median home sale price for the third quarter of 2021.

The following table compares Charlotte to other Mecklenburg County cities in the third quarter of 2021:

CityJuly - Sept. 2021 Home SalesJuly - Sept. 2020 Home Sales% change (Total Home Sales)July - Sept. 2021 Median Sales PriceJuly - Sept. 2020 Median Sales Price% change (Median Sales Price)
Stallings12-50%$577,000$376,00053.5%
Davidson111139-20.1%$535,000$455,00017.6%
Huntersville414473-12.5%$400,000$335,00019.4%
Cornelius272321-15.3%$395,000$323,00022.3%
Matthews1681623.7%$382,500$313,00022.2%
Mint Hill18315915.1%$380,000$325,00016.9%
Charlotte5,6505,09310.9%$311,000$260,00019.6%
Pineville645810.3%$307,500$261,00017.8%
Wildwoods5425%$250,000$193,00029.5%

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