Charlotte Housing Market Highlights
LBC Capital offers expert insight into the Charlotte and Carolinas housing landscape. With Charlotte-Concord-Gastonia ranked among NAR’s top 10 U.S. housing hotspots for 2025, the region continues to attract migration, job growth, and investment—setting the stage for both opportunity and caution. Home prices are rising modestly and inventory is easing, while mortgage rates may stabilize around 6%, creating a shifting but still solid market for both buyers and sellers.
Median Home Price & Price Trends
Charlotte’s median sale price stood at about $405,000 in January 2025, up 5.9% year-over-year, and roughly $411,000 by February. Other sources place it near $426,770 by June 2025, marking 2.7% growth versus the previous year. Homes.com reported a $385,000 median in March, still 2.7% growth over the year, with Charlotte now slightly above the national average.
Inventory and Listing Activity
Inventory in the Charlotte metro rose sharply: homes for sale surged 40% year-over-year to about 6,467 in February 2025, with months’ supply rising from 1.6 to 2.3. Active listings in June reached 5,300 in Mecklenburg County, up nearly 3% month-over-month. With higher inventory and slower sales, buyers now enjoy more choice and negotiating room.
Speed of Sales & Buyer Market Edge
Days on market have lengthened: February data shows a rise from 43 to 54 average days year-over-year. In June, 67% of homes sold within 30 days; overall median listing age was 30 days—a 40% increase from last year. Meanwhile, more than half of Charlotte sales in June closed below asking price, signaling shifting leverage toward buyers. At the same time, mortgage rates (30-year fixed) averaged around 6.64% in April 2025, still high but expected to stabilize near 6%.
Carolina Contenders: Greenville, Raleigh & Beyond
Greenville–Anderson SC
Greenville–Anderson earned NAR’s top-10 status alongside Charlotte for 2025. The average home price in Greenville hovers around $307,000, with modest growth near 3% annually. Zillow stats show a $325,735 average, up 0.9% year-over-year, while properties received offers and moved to pending within about 13 days on average. Greenville benefits from affordability, accessible starter-home segments, and strong in-migration, making it popular with younger buyers and families.
Raleigh & Asheville
Raleigh continues to draw strength from its tech and government employment base. Asheville attracts buyers with lifestyle appeal—culture, tourism, and creative economy trends—all supporting solid demand in both metros.
Mortgage Outlook & Affordability
National & Regional Rate Forecasts
The National Association of Realtors projects mortgage rates stabilizing near 6% through 2025, helping to re-engage buyers. That rate level is expected to deliver around 4.5 million existing-home sales nationwide, with modest 2% price growth to a median of approximately $410,700. This creates a more accessible environment compared to recent years.
Affordability Impact in Charlotte & Greenville
Charlotte buyers face the challenge of higher prices combined with elevated rates—yet the slow-growth environment and more inventory give them options. In Greenville, affordability remains stronger relative to national benchmarks and price increases are milder. In both metros, buyers now enjoy more negotiating power and more realistic timelines to shop.
What This Means for Buyers and Sellers
Buyers
For prospective homeowners, especially first-timers or investors, LBC Capital provides tailored mortgage strategies to navigate this environment. Buyers in Charlotte can leverage increased inventory and longer listing times to avoid bidding wars. In Greenville, affordability and fast-moving listings offer excellent entry-level opportunities. LBC Capital helps clients secure competitive financing, shopping local state agency loans, FHA, VA, and jumbo products where relevant.
Sellers
Sellers should remain realistic in pricing. In Charlotte, well-maintained homes in desirable submarkets still sell fast—but closing times have lengthened and price adjustments are more common. In Greenville, seller competitiveness depends on property tier: entry and mid-range listings still see brisk activity, while luxury and executive rental segments are adjusting to softer demand.
Neighborhood & Submarket Spotlights in Charlotte
South End & Uptown
Major developments such as the Queensbridge Collective (a 42-story luxury tower opening in late 2025) are reshaping Uptown/South End. South End features walkable lifestyle, craft breweries, rail access, and median home prices around $565,000 with roughly 4.6% year-over-year growth.
Dilworth, NoDa, University City & Sedgefield
Dilworth continues attracting buyers with historic charm and median prices near $740,000. NoDa, Charlotte’s arts district, posts about $510,000 median price. University City, anchored by UNC Charlotte and tech employers, shows a median price near $410,000. Sedgefield—between South End and Myers Park—has seen above-average appreciation via infill and renovation development.
Forecast Trends & Final Perspective
Price Growth Outlook
Charlotte’s median home price is projected to reach $422,300 to $426,400 by the end of 2025, reflecting 2.3 to 4.4% growth. This growth rate is slower than 2024’s pace, offering more stability. Greenville’s pricing is expected to rise within the typical 2 to 4% range as affordability continues attracting demand.
Market Balance & Strategic Timing
Both metro areas are shifting from seller-dominant markets toward more balanced conditions. Buyers benefit from supply growth and buyer leverage, while sellers who price wisely still see results. Mortgage rates near 6% signal a new normal rather than a rental or crash scenario.
Closing Thoughts
Charlotte and the Carolinas remain top housing markets in 2025, driven by job growth, migration, affordability, and strong fundamentals. Charlotte offers price growth and urban opportunities; Greenville and other Carolinas markets offer more cost-effective entry points. Mortgage rates may moderate but are expected to stay near 6%, creating a stable—but elevated—financing environment.
LBC Capital provides expertise in assessing local submarkets, connecting buyers and sellers to suitable financing, and guiding strategy in changing conditions. Whether you’re considering moving into Uptown Charlotte, exploring Greenville’s growth, or weighing rental vs purchase across the region, LBC Capital ensures tailored solutions, clarity, and competitive advantage.