|October, 2023||September, 2023||One Month Change||October, 2022||One Year Change|
|Average Sales Price||$626,198||$591,535||5.86%||$565,007||10.83%|
|Median Sales Price||$475,085||$440,000||7.97%||$461,233||3.00%|
|Avg. Days on Market||30||25||20.00%||25||20.00%|
|Pending Home Sales||1,280||1,366||-6.30%||1,407||-9.03%|
|Average Sq. Ft.||2,392||2,317||3.24%||2,371||0.89%|
|Average $/Sq. Ft.||$261.79||$255.30||2.54%||$238.30||9.86%|
- Home Sales
- Number of home sales in Mecklenburg County during the period identified.
- Average Sales Price
- Average sales price of homes closed during the period identified.
- Median Sales Price
- Median sales price of homes closed during the period identified.
- Average Days On Market
- The average amount of time on the market (in days) for sold homes during the period identified.
- Pending Home Sales
- Number of contracts pending for listed homes not yet closed. This statistic is a key indicator of home sales in the next 30-60 days.
- Housing Supply
- The number of months it would take to exhaust the existing supply of homes at the current sales pace. Note that a six month supply can be considered a balanced market. A supply of less than six months indicates a sellers’ market, while greater than six indicates a buyers’ market.
- Mortgage Rates
- Based on Freddie Mac 30 year average fixed rate.
- Average Payment
- The principal and interest payment on a 30 year mortgage using 80% of the average sales price and mortgage rate listed for the given period. The intent of this statistic is to demonstrate how affordability changes due to fluctuations in both price and interest rates.
- Average Sq. Ft.
- The average square footage for homes closed during the period identified.
- Average $/Sq. Ft.
- The average sales price divided by the average square footage for the period identified.
These market statistics summarize all of Mecklenburg County. Similar statistics for your neighborhood may vary due to differences in your local market. For more specifics about your local area, send us an email at email@example.com.