The Charlotte housing market has been one of the hottest in the Southeast over the past decade. With strong population growth, a robust job market, and national attention from major companies relocating to the Queen City, the local real estate scene has been anything but boring. As we head deeper into 2025, the market is shifting — and both buyers and homeowners should take note.
Mortgage Rates in Charlotte, NC
– 30-Year Fixed Mortgage: ~6.68% statewide (North Carolina average)
– 15-Year Fixed Mortgage: ~5.80%
– Forecast for 2025: Rates are expected to hold steady in the 6.0%–6.3% range by year-end.
While these rates are higher than the historic lows of 2020–2021, they are below the peaks seen in 2023. For consumers, this means buyers may not see drastic relief soon, but stabilization helps with planning. Refinancing may make sense if you have a loan at 7%+ or are looking to consolidate debt.
Charlotte Housing Market Snapshot
– Median Home Price: $375,000 in July 2025 (+3% YoY)
– Days on Market: 24 days (up from 16 last year)
– Active Listings: Inventory up 42% YoY in April and still higher than 2024 levels
– Home Value Shift: Metro-wide home values dipped −0.4%, signaling cooling momentum
More inventory means buyers have more negotiating power with homes sitting longer. Price cuts are more common, sellers must be strategic, and investors can shop deals with better leverage.
Why Charlotte’s Market is Unique
1. Population Growth: Charlotte remains one of the fastest-growing metros in the U.S.
2. Job Market Strength: Banking, fintech, healthcare, and logistics continue to drive relocations.
3. Affordability Advantage: Compared to Raleigh, Atlanta, or Nashville, Charlotte still offers relatively affordable housing.
4. National Recognition: Analysts continue to place Charlotte on the list of top-performing U.S. markets for 2025.
Practical Advice for Buyers
– Get Pre-Approved: Strengthens offers and defines budget.
– Explore Down Payment Programs: NC Housing Finance Agency offers programs to reduce upfront costs.
– Negotiate Closing Costs: Sellers more willing to contribute.
– Lock in Rates Strategically: Ask about float-down options.
Practical Advice for Homeowners
– Refinance Check-Up: If your rate is above today’s average (6.7%), refinancing could lower payments.
– Home Equity Options: HELOCs can provide cash without selling.
– Plan Ahead: If selling soon, prepare for more competition.
Outlook for Charlotte’s Market
The balance of 2025 points toward a more balanced market: buyers are gaining leverage with rising inventory, sellers are adjusting expectations as bidding wars cool, and mortgage rates are expected to hover around 6%. Charlotte remains one of the most attractive long-term markets in the Southeast thanks to economic strength and lifestyle appeal.
