Charlotte vs. Waxhaw Real Estate: October 2025 Market Breakdown — and Why Millbridge Keeps Outperforming
What you need to know:
1️⃣ Charlotte’s housing market is steady, but slower — prices up slightly, homes taking longer to sell.
2️⃣ Waxhaw’s prices are rising faster, even as more inventory hits the market.
3️⃣ Millbridge remains Waxhaw’s strongest submarket — faster sales, near-full-price offers, and consistent demand.
📍 Charlotte Market Overview
Charlotte’s October numbers tell a balanced story — steady pricing, slower sales, and growing inventory.
New Listings: 1,365 (+9.2%)
Closed Sales: 976 (–3.6%)
Median Sale Price: $430,000 (+2.3% YoY)
Average Sale Price: $586,638 (+5.3%)
Days on Market: 48 (+37%)
Inventory: 3.0 months (+25%)
What it means:
Charlotte’s market has clearly cooled from the frenzy of 2021–2023. Homes are still selling — but it’s taking longer, and sellers are negotiating more. Average sale prices are holding steady, signaling stability rather than decline.
Neighborhoods like SouthPark, Elizabeth, and Plaza Midwood remain highly competitive, while some outer areas are seeing longer days on market and small price reductions.
📍 Waxhaw Market Overview
Waxhaw continues to outperform the Charlotte metro — especially on home prices.
New Listings: 96 (+21.5%)
Closed Sales: 72 (–16.3%)
Median Sale Price: $683,750 (+8.8% YoY)
Average Sale Price: $819,818 (+8.9%)
Days on Market: 59 (down from 74 last year)
Inventory: 3.1 months (+29%)
What it means:
Even with more homes hitting the market, Waxhaw’s pricing momentum remains strong — growing nearly four times faster than Charlotte’s median price. Buyers continue to value the newer homes, schools, and lifestyle that Waxhaw offers.
Homes are still moving in under two months, and while negotiation has returned, sellers who price correctly are achieving excellent results.
🏘️ Millbridge: Waxhaw’s Standout Neighborhood
October proved again why Millbridge remains one of the most desirable neighborhoods in Waxhaw.
Homes Sold: 6
Median Sale Price: $515,000
Average Sale Price: $556,917
Sale-to-List Price Ratio: 99%
Median Days on Market: 18
Average Price per Sq. Ft.: $206
What it means:
Millbridge continues to outperform the rest of Waxhaw — homes here sell 41 days faster than the town average and for nearly full price.
The mix of newer construction, top-rated schools, and resort-style amenities keeps buyer demand strong, even as the wider market balances. The takeaway: well-prepped homes in Millbridge still move fast.
📊 Waxhaw vs. Charlotte — Key Takeaways
MetricWaxhawCharlotteWhat It MeansMedian Price$683,750 (+8.8%)$430,000 (+2.3%)Waxhaw’s appreciation is nearly 4x Charlotte’s.Days on Market59 (–20%)48 (+37%)Waxhaw homes are moving slightly slower than city homes, but Charlotte’s slowdown is sharper.Inventory3.1 months (+29%)3.0 months (+25%)Both markets are normalizing toward balance.Closed Sales–16.3%–3.6%Sales volume is dipping across the region.
Bottom line:
Charlotte’s market has stabilized, Waxhaw’s remains strong, and Millbridge continues to set the bar for performance in Union County.
🧭 What This Means for You
For Homeowners
Your equity is holding firm. If you’re in Waxhaw or Millbridge, pricing correctly and marketing strategically can still deliver top results — even in a more balanced market.
For Buyers
Rising inventory gives you more choice. In Charlotte, you’ll find slightly more negotiation room. In Millbridge, expect to compete — the best homes still sell quickly and near full price.
📍 The Local Expert’s Take
While headlines talk about a “slowdown,” the story looks very different depending on where you live.
Charlotte: Balanced and steady.
Waxhaw: Strong appreciation and active demand.
Millbridge: High-performing, still moving fast.
Real estate is local — and right now, hyper-local data matters more than ever.
If you’d like a custom report on your neighborhood’s exact numbers, message me and I’ll send a breakdown with average price, days on market, and current competition for your home.