Charlotte Area Home Prices Continue to Increase

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Charlotte Area Home Prices Continue to Increase

If you are a Charlotte homeowner, you probably want to know how the value of your home is looking. The entire Charlotte region has seen significant increases in home prices since 2006. According to Redfin, home prices in Charlotte increased 10.2% (comparing October 2016 to October 2015), while the national gain only came in at 7%.

Even though the Charlotte region as a whole is seeing gains in home prices, the fact remains that certain zip codes are seeing faster increases than others. To help you put things into perspective and see how your area matches up, following is a list of the 10 Charlotte-area zip codes that have seen the greatest increases in home prices.

 

#10. 28054 à price change increased 18.8%

Median sales price August-October 2016: $143,000

Median sales price August-October 2015: $120,000

 

#9. 28120 à price change increased 22.5%

Median sales price August-October 2016: $174,000

Median sales price August-October 2015: $142,000

 

#8. 28212 à price change increased 22.7%

Median sales price August-October 2016: $135,000

Median sales price August-October 2015: $110,000

 

#7. 28012 à price change increased 23.3%

Median sales price August-October 2016: $205,000

Median sales price August-October 2015: $166,000

 

#6. 28032 à price change increased 25%

Median sales price August-October 2016: $145,000

Median sales price August-October 2015: $116,000

 

#5. 29710 à price change increased 28.8%

Median sales price August-October 2016: $255,000

Median sales price August-October 2015: $198,000

 

#4. 28205 à price change increased 29.4%

Median sales price August-October 2016: $242,000

Median sales price August-October 2015: $187,000

 

#3. 28208 à price change increased 37.5%

Median sales price August-October 2016: $110,000

Median sales price August-October 2015: $80,000

 

#2. 28052 à price change increased 38%

Median sales price August-October 2016: $109,000

Median sales price August-October 2015: $79,000

 

#1. 28206 à price change increased 50.1%

Median sales price August-October 2016: $192,000

Median sales price August-October 2015: $128,000

 

Are you also interested in knowing which areas are struggling to see gains in home values? We have compiled that information for you as well.

#10. 28164 à price change increased 1.7%

#9. 28207 à price change increased 0.8%

#8. 28216 à price change decreased 2.3%

#7. 28134 à price change decreased 3.2%

#6. 28213 à price change decreased 5.2%

#5. 28112 à price change decreased 5.6%

#4. 29745 à price change decreased 6.4%

#3. 28098 à price change decreased 13.9%

#2. 28107 à price change decreased 14.8%

#1. 28204 à price change decreased 18%

Whether you are buying, selling, or just trying to remain educated on your area, this is valuable information to keep in mind.