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Charlotte home prices rose 3% in March, outpacing the U.S. average

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Charlotte home prices rose in March, according to online real estate marketplace Homes.com.

The median home price rose to $385,000 — a nearly 3% increase from the same time last year.

The real estate marketplace also noted that prices in Charlotte rose faster than the national average.

The median home price nationwide grew by 2.2% or by $8,000, from the same time last year. 

On average, homes nationwide sold last month for $380,000.

The growth rate last month places Charlotte as 24th in the nation in price growth among the 40 largest U.S. cities.

Kenny is a Maryland native who began his career in media as a sportswriter at Tuskegee University, covering SIAC sports working for the athletic department and as a sports correspondent for the Tuskegee Campus Digest. Following his time at Tuskegee, he was accepted to the NASCAR Diversity Internship Program as a Marketing Intern for The NASCAR Foundation in Daytona Beach, Florida in 2017.