Charlotte, July 22, 2025
News Summary
The Charlotte metro area real estate market shows mixed trends as home values decline slightly amid rising supply. With the typical home value at $386,866, a 1.3% decrease over the past year, buyers have more options, affecting overall affordability. Some areas have seen robust growth, while predictions suggest a nationwide decline could occur. Key trends indicate significant property value variances across cities within the region, highlighting a complex real estate landscape.
Charlotte
The real estate market in the Charlotte metro area is currently experiencing fluctuations, with home values showing a slight decrease amid rising supply. As of June, the typical home value in the United States stands at $367,369, up just 0.2% compared to last year. Various cities within the Charlotte region have seen mixed changes in home prices over the past year, indicating a complex local market.
Home values in the Charlotte metro area vary significantly, with a typical home value of $386,866 for the region, reflecting a 1.3% decrease over the past year but a substantial 53.9% increase over the past five years. Other notable values include:
- Typical home value: $389,854; 1-year price change: -1.1%; 5-year price change: +54.0%
- Typical home value: $404,626; 1-year price change: -1.4%; 5-year price change: +52.4%
- Typical home value: $408,732; 1-year price change: -1.1%; 5-year price change: +49.9%
- Typical home value: $1,068,286; 1-year price change: +1.0%; 5-year price change: +69.9%
- Typical home value: $1,241,089; 1-year price change: +3.6%; 5-year price change: +73.9%
Factors influencing these values include location, size, age, and condition of homes. The market dynamics currently show that increased housing supply is giving buyers more options and influencing sellers to adjust prices, which could impact overall affordability.
According to predictions from Zillow, there may be a nationwide decrease in home values of 1.9% by year’s end. North Carolina’s average home value is estimated at $336,483 as of April, with the state experiencing varying trends in different cities. Cities expected to see the largest decreases include Goldsboro (-3.3%) and Forest City (-2.8%), while Charlotte’s prices are projected to rise by 0.5%.
Despite some cities seeing reductions, others have shown resilient growth. The most expensive areas in North Carolina include the Highlands, with a staggering median price of $2.75 million, and the Governors Club at $1.19 million. Affordable housing options remain in cities like Roanoke Rapids and Rockingham, where median prices range from $114,398 to $124,299.
This data reflects the wider trend observed in the Charlotte metro area, which has tracked housing prices for 86 cities and towns since January 2018. Buyers, sellers, and investors must consider these trends as they navigate the current real estate landscape, characterized by both opportunities and challenges.
Key Trends in the Charlotte Metro Area Real Estate Market
| City | Typical Home Value | 1-Year Price Change | 5-Year Price Change |
|---|---|---|---|
| Charlotte | $386,866 | -1.3% | +53.9% |
| Expensive Market 1 | $1,068,286 | +1.0% | +69.9% |
| Expensive Market 2 | $1,241,089 | +3.6% | +73.9% |
| Affordable Market 1 | $114,398 | N/A | N/A |
| Affordable Market 2 | $124,299 | N/A | N/A |
Frequently Asked Questions
What is the current average home value in the Charlotte metro area?
The typical home value in the Charlotte metro area is approximately $386,866 as of June.
Are home values rising or falling in Charlotte?
Home values in Charlotte are showing slight decreases over the past year but significant increases over the past five years.
Which cities in North Carolina are expected to see significant decreases in home values?
Cities predicted to experience the largest decreases include Goldsboro, Forest City, and Rockingham.
What are the most expensive housing markets in North Carolina?
The most expensive are Highlands at $2.75 million and Governors Club at $1.19 million.
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Additional Resources
- WSOC TV: Cities with Most Expensive Homes in Charlotte Metro Area
- Charlotte Observer: North Carolina Housing Market Insights
- Axios: Most Expensive Mountain Home in North Carolina Sells for $14M
- Kiss 95.1: Eastover Estate Breaks Record
- Encyclopedia Britannica: Charlotte, North Carolina
Author: HERE Charlotte
The CHARLOTTE STAFF WRITER represents the experienced team at HERECharlotte.com, your go-to source for actionable local news and information in Charlotte, Mecklenburg County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as Lovin' Life Music Festival, Charlotte Pride festival, and major sporting tournaments at Bank of America Stadium. Our coverage extends to key organizations like the Charlotte Regional Business Alliance and Foundation for the Carolinas, plus leading businesses in finance and entertainment that power the local economy such as Bank of America and NASCAR. As part of the broader HERE network, including HEREAsheville.com, HEREGreensboro.com, HERERaleigh.com, and HEREOBX.com, we provide comprehensive, credible insights into North Carolina's dynamic landscape.
