March 2025 Ballantyne Housing Report:
Prices, Sales, Inventory, Days on Market Trends
Ballantyne real estate March 2025 experienced a mix of trends. The median sale price declined to $550,000, down 6.62% from the previous month and was 15.38% lower than a year ago, reaching its lowest March level in three years. However, this decline reflects the price mix of homes sold rather than a decrease in Ballantyne home values. The average sale price rose 12.01% month-over-month to $697,329, though it was slightly lower than in March 2024. Homes sold for an average of $275 per square foot, marking a 4.56% increase from February and a 7% gain year-over-year.
Homes continued to sell close to their list prices, with a list-to-sale price ratio of 99.61%, showing little room for negotiation.
The average days on the market fell to 21 days, a sharp drop from 34 days the month before, though slightly higher than in previous years.
Sales volume increased, with 72 homes sold—up from both February and the same time last year.
Inventory grew to 330 homes, a 1.54% increase month-over-month and nearly 30% higher than one year ago. Despite this rise, the months supply of inventory dropped to 4.48 months, indicating a balanced market between home buyers and sellers.
New listings increased to 101, up by 10 from the prior month and marginally higher (+1) than last year, although slightly down compared with March 2023.
BALLANTYNE REAL ESTATE MARKET TRENDS March 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, 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 BALLANTYNE AREA REAL ESTATE REPORTS
Ballantyne Real Estate February 2025
Ballantyne Real Estate January 2025
For more details on the Ballantyne Housing Market in March 2025 see the original post on www.GreatHomesInCharlotte.com
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