Charlotte Housing Market

Charlotte’s median sale price increased by 2.4% annually in February 2026, even as sales fell and inventory grew.

Charlotte’s median sale price ticked up to $405,000 in February 2026, increasing 2.4% year over year, and outpacing the U.S. median price growth of 0.2%. The Charlotte median home price remained above the national median of $375,885 and ranked 20th among the top 40 markets.

Active listings rose to 11,507 homes, an increase of 1,636 listings from a year earlier, which represented a 16.6% gain. That exceeded the nationwide 14.2% increase. Charlotte listings have increased year over year since 2022. Inventory growth was broad-based across most property types, but was most pronounced in condos, where listings increased 27.2% year over year. Single-family homes, which represent nearly 80% of inventory in Charlotte, increased by nearly 1,000 listings, a 12.5% increase.

Charlotte home sales totaled 2,259 in February, down 259 from a year ago. The 10.3% decline represented the second consecutive month of double-digit year-over-year declines in Charlotte, below the 3.7% national decline. Weather likely played a role in the slowdown as severe winter storms impacted business earlier in the month. The slowdown cut across property types, though single-family detached home sales held up better, falling by 8.8% compared to a 13.8% decline for townhomes, and a 25.7% decrease in the smaller condo category.

The median home sales price in Charlotte increased 2.4% in February compared to the same month in 2025. That continued a trend of modest but consistent price gains over the past two years.

Charlotte’s median sale price grew to $405,000 in February 2026, a 2.4% year-over-year gain. Appreciation accelerated compared to January’s 1.4% annual gain, though it remains slightly slower than the 2.7% monthly average appreciation in 2025. While the median price is below seasonal highs reached last summer, it has held above $400,000 since March 2025.

Although Charlotte median prices remain above the national median of $375,885, Charlotte remains in the middle of the pack among large metros, ranking 20th out of the top 40 markets. Price growth in Charlotte, on a percentage basis, ranked 11^th among the top 40 markets. Charlotte outpaced regional peers such as Raleigh, Nashville, and Atlanta and lagged lower-supply markets in other regions, such as Saint Louis, San Francisco, and Baltimore.

Charlotte’s median sale price varied sharply by product in February 2026, with single-family detached homes at $422,000, townhomes at $360,000, and condos at $265,000. Detached prices increased by $7,000, a 1.7% year-over-year gain. Townhome prices, which had been declining for most of the past two years, grew by $18,010, a 5.3% increase. Condo pricing moved the opposite direction, decreasing 13.7% from a year earlier, a $42,000 drop.

Charlotte inventory reached 11,507 for-sale listings in February as inventory growth increased across all property types.

With 11,507 active listings in February 2026, Charlotte inventory increased by 1,636 listings from a year ago, a 16.6% gain. That listings growth outpaced national growth of 14.2%. It also represented the 25th consecutive month of inventory expansion in Charlotte. February inventory in Charlotte has increased since 2022.

Among the top 40 US markets, Charlotte’s inventory ranks right in the middle at 20th. Inventory growth in Charlotte ranked 15th among the Top 40 markets. While Charlotte’s 16.6% listing growth was faster than regional competitors such as Austin, which grew 13.5%, and Nashville, up 12.8%, inventory growth was slower than in-state rival Raleigh, at 24.9%, and Atlanta, at 19.8%.

Charlotte’s housing inventory includes predominately single-family homes. Detached homes accounted for 8,968 listings, nearly 80% of February inventory. On a year-over-year basis, detached listings increased by 996, 12.5% growth, while townhome listing growth was slower at 6.7%, representing 119 listings. Condos, a much smaller share of inventory, saw the fastest listing growth at 27.2%, year over year, as an additional 135 units were listed for sale.

Charlotte recorded 2,259 home sales in February, a 10.3% decline, with about 259 fewer closings than in February 2025.

Charlotte home sales fell 10.3% year over year in February, a steeper decline than the 3.7% decline nationwide. Though weather likely played a role in the decline this February, sales activity has declined in the longer term in Charlotte as well. The 2,259 units that sold represented the slowest February for sales since 2015.

Charlotte home sales declined more significantly than most markets in February. Charlotte ranked 34th among the largest 40 markets in the U.S. for sales growth. Other Southern markets saw shallower sales declines, with Raleigh sales falling only 2.8% and Atlanta falling 3.5%. Dallas, where sales fell 12.6%, was the only Southern market with a steeper sales decline.  

Charlotte home sales in February 2026 were led by detached single-family homes, with 1,860 closings, representing more than 80% of total sales. Though 180 fewer single-family home sales closed in February than the year before, that 8.8% year-over-year decline was the smallest decrease among all property types. Townhome sales fell 13.8%, representing 51 fewer trades, while the much smaller condo market saw the steepest decline of 25.7%, a reduction of 28 sales.

For questions and commentary about this report:

Chuck McShane, Senior Director of Market Analytics at CoStar and Homes.com, based in Charlotte, is available for interviews to provide expert insights on this data and the broader residential real estate market.

Chuck McShane

Senior Director of Market Analytics

Homes.com

cmcshane@costar.com

Homes.com releases preliminary figures on housing trends on a monthly basis. Although these numbers may change slightly once all transactions are accounted for, they provide an early indication of home price appreciation, inventory changes, and sales volume in Charlotte during February 2026.

For most markets, geographical coverage consists of the Census-defined Core-Based Statistical Area (CBSA). Data for San Francisco, Los Angeles, Miami, and New York is at the Metropolitan Division level.

Definition of Sale Prices

Median home price is the midpoint sale price of homes closed during each month. This data includes homes that are detached, attached, and condominiums. Detached homes are single-family units. Attached homes are townhomes, rowhouses, and duplexes. The condominium classification includes co-ops.

Definition of Inventory

Inventory is the number of unique active listings that were for sale during each month. This data includes homes that are detached, attached, and condominiums. Detached homes are single-family units. Attached homes are townhomes, rowhouses, and duplexes. The condominium classification includes co-ops.

Definition of Home Sales

The total number of closed home sales on the MLS during the month. This data includes homes that are detached, attached, and condominiums. Detached homes are single-family units. Attached homes are townhomes, rowhouses, and duplexes. The condominium classification includes co-ops.

About the Homes.com Market Analytics Team

The Homes.com Market Analytics group is a team of experienced analysts embedded in nearly 30 markets across North America. These experts reside in and regularly visit the markets they cover, providing local expertise and a national perspective on all sectors of real estate: residential, office, industrial, retail, and multifamily.

About Homes.com Analytics Data

The Homes.com analytic data is compiled by the CoStar Analytics team, the largest and most experienced analytics team in the real estate industry. The team consists of over 50 economists, analysts, and data scientists, who collectively have more than 900 years of real estate experience and over 30 advanced degrees. Analysts on the team live in and around the markets they cover, enabling them to build deep local knowledge and unique insights.

The data set being used by the team is one of the most comprehensive and robust in the industry. It spans all 393 metropolitan markets, 542 micropolitan markets, and over 35,000 local neighborhoods in the U.S. The data set is sourced from almost 500 Multiple Listing Service (MLS) providers around the country, as well as public record data from each market, and is supplemented by proprietary data collected by CoStar's team of over 2,000 researchers. It includes a complete inventory of all homes in the U.S., including homes for sale, homes for rent, new construction homes, as well as sale comps and rent comps.