Where are homes selling for above asking price in Charlotte? This map breaks it down
The Charlotte Observer Service Journalism desk is committed to providing answers to questions that matter to you and your community. In this space, reader-submitted inquiries -- such as the one below -- will be investigated each day by our team of reporters.
Buying or selling a home often inspires others to share horror stories about getting outbid on dream home after dream home or having to sell for less than planned.
But everyone’s experiences depend on the market in their area.
In Charlotte, the situation varies by ZIP code, even amid a hot housing market.
Here’s a breakdown of where homes in and around Charlotte are selling above or below asking price, based on data from the real estate company Redfin:
Listing prices vs. sale prices in Charlotte
Where are homes selling for above asking price in Charlotte?
Of Charlotte area ZIP codes, homes were selling, on average, above asking price in 35 ZIP codes as of December, Redfin’s data shows.
The highest rate was in the 28214 ZIP code, which includes the Arlington and Woodford Green neighborhoods. Homes there sold for an average of 2.9% over the listing price.
The lowest positive rate was in the 28164 ZIP code, which includes the Stanley, Lucia and Lowesville communities. Home there sold above asking price on average, but only by a rate of 0.04%.
Where are homes selling for below asking price in Charlotte?
Some ZIP codes — six, according to Redfin’s data — actually saw homes selling below asking price on average.
The 28207 ZIP code — which includes parts of the Eastover, Cherry and Myers Park neighborhoods — has the lowest rate, with homes selling, on average, 2.1% under listing price.
Homes in the 28209 ZIP code — made up of parts of the Sedgefield, Freedom Park, Montford, Madison Park and Barclay Downs neighborhoods — were the closest, on average, to going at asking price. Those typically sold for 0.01% below listing price.
Recent home sales in Charlotte
Recent home sales in the Charlotte area reflect the trend of many homes selling above listing price and some selling under or at asking price throughout price levels, according to figures made publicly available by real estate websites.
A five-bedroom, three-bathroom home in the South Park neighborhood was listed for $625,000 in mid-January and sold in February for $675,000.
A four-bedroom, two-and-a-half-bathroom home in the Waverly Hall neighborhood was listed in November for $425,000 but sold in February for $415,000.
A three-bedroom, two-bathroom home in the Timberidge neighborhood was listed in late December for $430,000 but sold in February for $422,543.
A two-bedroom, one-and-a-half-bathroom home in the Somerset Springs neighborhood was listed for and sold for $140,000.
A two-bedroom, two-bathroom home in the Coulwood West neighborhood was listed in early January for $235,000 and sold in February for $240,000.
A two-bedroom, two-and-a-half-bathroom home in the South Park neighborhood was listed for $235,000 in late January and sold in February for $255,330.
A five-bedroom, five-bathroom home near the Cotswold neighborhood was listed and sold for $2.5 million.
A five-bedroom, three-bathroom home in the Stone Creek Ranch neighborhood was listed in late January for $575,000 and sold in February for $600,000.
A three-bedroom, two-and-a-half-bathroom home in the South Park neighborhood listed for $365,000 in mid-January and sold in February for $382,500.
- A two-bedroom, two-and-a-half-bathroom home in Southeast Charlotte listed for $255,000 in late January sold in February for $274,000.
This story was originally published February 22, 2022 at 6:00 AM.
