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Charlotte Ranked As One Of The Hottest Housing Markets For 2022

As 2021 came to an end, houses were still selling in record time in the Charlotte, NC area. Zillow just released its list for the top 10 hottest housing markets for 2022. Charlotte was ranked fifth and is expected to have a hot housing market again this year. Raleigh also made the list at #3. The company factored in Charlotte’s job market and limited availability of homes for sale.

Where are the top 10 hottest housing markets?

  1. Tampa, FL
  2. Jacksonville, FL
  3. Raleigh,NC
  4. San Antonio, TX
  5. Charlotte, NC
  6. Nashville, TN
  7. Atlanta, GA
  8. Phoenix, AZ
  9. Orlando, FL
  10. Austin, TX

Home prices on the rise

According to Canopy MLS, the median price for a home in Charlotte is $409,327, up from $348,739 a year ago. That’s a 17.4% price increase. And local agents gave their predictions in this recent article from Axios Charlotte.

Increased local job growth

A strong labor market played a key role on the list. Remote work is still prominent with predictions that there is still less of a need to live where you work. The high demand for housing in these areas is also seeing increased local job growth. 

North Carolina ranks #4 in attracting new residents since start of Covid

According to the Charlotte Ledger, North Carolina has attracted more new residents from elsewhere than all but three other states with 261 newcomers a day. It expects that most of this growth is concentrated in metropolitan areas such as Charlotte. Charlotte is known for its large tree canopy and the vast amount of green spaces and walking trails throughout the city. Being outdoors is practically year-round and that is also drawing people to the Queen City. You can’t find a better city to enhance your quality of life.

Are you considering a move to the Charlotte, NC area? Reach out to your preferred agent to get started. Don’t have an agent? We can pair you with an agent using this short form or call our VP of Relocation, Catharine Pappas at 704.661.2402.