March 2025 City Market Statistics

Average Sales Price
The Charlotte region continues to see rising home values, with March's average sales price reaching $511,564—a 6.8% increase from the previous year. This growth underscores the area's strong demand and enduring appeal. Year-to-date, prices have climbed by 5.6%, reflecting consistent upward movement in the local housing market.

Number of Transactions
In March, the Charlotte region recorded 3,537 sales, reflecting a 2.9% decline compared to the same time last year. However, year-to-date transaction figures have edged up by 0.2%.

Days on Market Until Sale
In March, the average time on the market rose to 55 days, showing a notable 31% increase from the previous year, driven by higher inventory levels and increased interest rates. Year-to-date figures indicate an average of 55 days until sale, reflecting a 27.9% rise. Despite these changes, the market remains relatively balanced, with sellers securing favorable prices and buyers enjoying sufficient time to explore their options.

March 2025 City Market Statistics