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Sunday, December 29, 2024

Rising home prices in Charlotte in the first half of 2021

Realestate1

The median sale price of a home sold in the first half of 2021 in Charlotte rose by $20,750 while total sales decreased by 52%, according to BlockShopper.com.

From January through June of 2021, there were 12 homes sold, with a median sale price of $248,250 - a 9.1% increase over the $227,500 median sale price for the same period of the previous year. There were 25 homes sold in Charlotte in the first half of 2020.

The median sales tax in Charlotte for the most recent year with available data, 2019, was $1,243, approximately 0.5% of the median home sale price for the first half of 2021.

The following table compares Charlotte to other Cabarrus County cities in the first half of 2021:

CityJan. - June 2021 Home SalesJan. - June 2020 Home Sales% change (Total Home Sales)Jan. - June 2021 Median Sales PriceJan. - June 2020 Median Sales Price% change (Median Sales Price)
Harrisburg121159-23.9%$320,000$305,0004.9%
Locust1314-7.1%$305,500$302,7500.9%
Midland3661-41%$297,500$225,00032.2%
Concord7611,082-29.7%$255,000$220,00015.9%
Charlotte1225-52%$248,250$227,5009.1%
Mount Pleasant1323-43.5%$245,000$220,00011.4%
Kannapolis305437-30.2%$180,000$163,00010.4%
Fisher Town48-50%$105,500$144,250-26.9%

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