January 2025 Ballantyne Housing Report: Prices, Sales, Inventory Trends
In January 2025, Ballantyne's real estate market experienced a mixed trend. Median home prices declined compared to the previous month but saw a strong 17% increase year-over-year. Average sale prices rose both monthly and annually. The list-to-sale price ratio remained unchanged year-over-year and month-over-month at just under 98%.
Home buyers saw an opportunity for price negotiations as sales dipped month-over-month. Sales improved from the previous year. The average days on market remained low at 34 days, unchanged from the prior month and five days higher than one year ago.
After two months of declining inventory, housing supply increased, driven by a significant rise in new listings. This increase pushed the months supply of inventory to 8.65 months, shifting the Ballantyne market (ZIP code 28277) into buyer-friendly territory.
BALLANTYNE REAL ESTATE MARKET TRENDS January 2025
BALLANTYNE HOME SALE PRICES
Median sale price in January 2025 was $544,400, down 12.9% from $625,00 in December 2024. With home sale prices in the Ballantyne area ranging from the mid-$300,000s to over $2.3 million, the month-over-month decline in median sale price is more likely a result of the price mix of homes sold rather than an actual decrease in property values. The median sale price improved 17.08% from $465,000 in January 2024. The January 2025 median sale price was at its highest level compared with January 2024 and 2023.
Average sale price in January 2025 was $679,487, up 3.32% from December 2024. The average sale price was 19.73% higher than $567.511 in January 2024. As with the median sale price, the January 2025 average sale price was at its highest level compared with January 2024 and 2023.
BALLANTYNE HOMES LIST TO SALE PRICE RATIO STEADY
The list to sale price ratio of 97.95% in January 2025 was essentially unchanged from the previous month of December and unchanged from the list-to-sale-price ratio in January 2024.
BALLANTYNE AVERAGE DAYS ON MARKET JUST OVER ONE MONTH
Average days on market for Ballantyne area homes in January 2025 were 34 days, unchanged from the previous month after four consecutive months of increases. Average days on market were five days higher than in January 2024 and seven days lower than in January 2022.
BALLANTYNE SALES DOWN MONTH-OVER-MONTH & UP YEAR-OVER-YEAR
The number of properties sold in January 2025 declined to 37, down 37.29% from 59 properties sold in the previous month of December. Compared with January 2024, the number of properties sold was 5.71% higher. January 2024 sales stood at 35. January 2023 sales stood at 48.
Ballantyne's inventory of properties for sale in January 2025 was 320, up 5.26% from 304 properties in December 2024 and 28.51% higher than the 249 properties for sale in January 2024. The number of properties for sale were higher by 52 compared with January 2023.
NEW LISTINGS UP The number of new listings in Ballantyne area in January 2025 was 87, increasing 155.88% from 34 in the previous month of December. New listings were 74% higher than in January 2024, which had 50 new listings. Compared with January 2023, new listings were up by 38 properties in January 2025.
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This Charlotte, North Carolina monthly Ballantyne real estate report is provided by Nina Hollander with Coldwell Banker Realty, Ballantyne area specialist and neighbor and Greater Charlotte residential real estate expert. I've been opening doors for Ballantyne home buyers and sellers since 1999.
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