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Sunday, November 17, 2024

What happened to the median home price in Charlotte during November 2020?

Realestate3

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Adobe Stock

The median sale price of a home sold in November 2020 in Charlotte fell by $158,500 while total sales decreased by 50%, according to BlockShopper.com.

In November 2020, there were three homes sold, with a median sale price of $177,000 - a 47.2% decrease over the $335,500 median sale price for the same period of the previous year. There were six homes sold in Charlotte in November 2019.

The median sales tax in Charlotte for the most recent year with available data, 2019, was $1,243, approximately 0.7% of the median home sale price for November 2020.

The following table compares Charlotte to other Cabarrus County cities in November 2020:

CityNov. 2020 Home SalesNov. 2019 Home Sales% change (Total Home Sales)Nov. 2020 Median Sales PriceNov. 2019 Median Sales Price% change (Median Sales Price)
Harrisburg282416.7%$337,750$238,00041.9%
Locust3250%$326,000$262,25024.3%
Mount Pleasant50-$250,000$0-
Concord20918115.5%$248,000$186,00033.3%
Kannapolis1018420.2%$183,000$169,5008%
Charlotte36-50%$177,000$335,500-47.2%
Midland1314-7.1%$69,000$132,000-47.7%
Fisher Town00-$0$0-

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