February 2025 Ballantyne Housing Report: Prices, Sales, Inventory Trends
Ballantyne's real estate market in February 2025 saw the median home price increase compared with the previous month, while remaining steady year-over-year. Average sale price declined both monthly and annually. However, given that home prices in the Ballantyne area range from the mid-$300,000s to over $2 million, the drop in the average sale price likely reflects the mix of homes sold rather than an actual decrease in property values.
The list-to-sale price ratio improved 1.81% from the previous month, reaching 99.76%, though it remained lower than February 2024’s 102.41%. Homebuyers in Ballantyne had minimal room for price negotiations during the month.
Sales activity increased significantly, rising 63.16% from January and 14.81% year-over-year. Homes continued to sell relatively quickly, with an average of 35 days on the market—unchanged from the prior month but 12 days longer than one year ago.
Inventory saw a slight month-over-month decline but remained higher than in February 2024. New listings decreased by one compared to January but were up by three properties year-over-year. A reduction in both inventory and new listings from the previous month led to a drop in the months supply of inventory, which fell from 8.65 months in January to 5.16 months in February. As a result, the Ballantyne area (ZIP code 28277) transitioned back into a balanced market between buyers and sellers.
BALLANTYNE REAL ESTATE MARKET TRENDS February 2025
BALLANTYNE HOME SALE PRICES
Median sale price in February 2025 was $587,000, up 6.7% from $550,150 in January 2025. The median sale price was unchanged compared with February one year ago. The February 2025 median sale price was at its highest level compared with February 2024 and 2023.
BALLANTYNE HOMES LIST TO SALE PRICE RATIO JUST UNDER 100%
The list to sale price ratio of 99.76% in February 2025 was up from 97.95% in the previous month of January. The list to sale price ratio declined in February 2025 from 102.41% in the same month one year ago. Nonetheless, Ballantyne home buyers did not see many opportunities to negotiate on price in February 2025.
BALLANTYNE AVERAGE DAYS ON MARKET JUST OVER ONE MONTH
Average days on market for Ballantyne area homes in February 2025 were 35 days, up slightly from 33 days one month ago. Average days on market were 12 days higher than in February 2024 and 15 days lower than in February 2023.
BALLANTYNE SALES UP MONTH-OVER-MONTH & YEAR-OVER-YEAR
The number of properties sold in February 2025 increased to 62, up 63.16% from 38 properties sold in the previous month of January. Compared with February 2024, the number of properties sold was 14.81% higher in the current year. February 2024 sales stood at 54. February 2023 sales stood at 48.
BALLANTYNE INVENTORY DOWN
Ballantyne's inventory of properties for sale in February 2025 was 320, equal to the previous month and 24.51% higher than the 257 properties for sale in February 2024. The number of properties for sale were higher by 52 compared with February 2023.
The months supply of inventory declined from 8.65 months in January to 5.16 months in February, pushing the Ballantyne area into a more balanced market in the current year.
NEW LISTINGS STEADY
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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, 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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PREVIOUS 2025 BALLANTYNE AREA REAL ESTATE REPORTS
Ballantyne Real Estate January 2025
Read the original Ballantyne Real Estate Report For February 2025 at www.GreatHomesInCharlotte.com
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