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North Mecklenburg News

Monday, November 25, 2024

Charlotte home prices rise in the third quarter of 2019

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The median sale price of a home sold in the third quarter of 2019 in Charlotte rose by $18,500 while total sales increased by 3.1%, according to BlockShopper.com.

From July through September of 2019, there were 4,713 homes sold, with a median sale price of $231,500 - a 8.7% increase over the $213,000 median sale price for the same period of the previous year. There were 4,573 homes sold in Charlotte in the third quarter of 2018.

The median sales tax in Charlotte for the most recent year with available data, 2015, was $1,696, approximately 0.7% of the median home sale price for the third quarter of 2019.

The following table compares Charlotte to other Mecklenburg County cities in the third quarter of 2019:

CityJuly - Sept. 2019 Home SalesJuly - Sept. 2018 Home Sales% change (Total Home Sales)July - Sept. 2019 Median Sales PriceJuly - Sept. 2018 Median Sales Price% change (Median Sales Price)
Davidson98113-13.3%$362,500$370,000-2%
Stallings10-$357,000$0-
Cornelius270281-3.9%$298,250$294,5001.3%
Huntersville427451-5.3%$294,000$299,000-1.7%
Mint Hill124138-10.1%$290,500$250,00016.2%
Matthews15614011.4%$280,000$280,0000%
Pineville5558-5.2%$255,000$217,25017.4%
Charlotte4,7134,5733.1%$231,500$213,0008.7%
Wildwoods6520%$134,500$171,000-21.3%

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