Hot homes for sale in Charlotte and Raleigh ranging from $350K to $1.6M

What’s happening: Prospective homebuyers in Raleigh frequently search for real estate in Charlotte, and Charlotte buyers often search in Raleigh, Axios’ Zachary Eanes recently reported.

• The data shows Charlotteans make up 35.7% of people searching through Raleigh listings.
• By comparison, prospective buyers in Raleigh make up nearly 43% of the Zillow searches for homes in Charlotte.

Why it matters: Many cross-state relocations are driven by housing affordability.

• Both Charlotte and Raleigh have some of the hottest housing markets in the county. Prospective homebuyers compete with all-cash offers. Both cities have seen a surge of homes listed above $1 million.

Zoom in: The average price of a single-family home is $382,899 in Charlotte and $431,344 in Raleigh, according to Zillow.

Yes, but: Prices vary depending on which neighborhood you’re eyeing.

• Popular neighborhoods in Charlotte — including Plaza Midwood, Dilworth and Myers Park — can range from $750,000 to more than $1,400,000.
• Raleigh’s popular neighborhoods — including Brier Creek, Downtown and North Hills — can range from $420,000 to $850,000 and up.

Bottomline: It pays to shop around.   

Here’s a look at what 10 homes are going for in Charlotte and Raleigh within each price range. 

$300K

7212 Canyon Dr., Charlotte — $350,000

• Neighborhood: Mineral Springs / Rumple Road
• Realtor: Victor Valle Nunez • HomeSmart Expert Realty
• Specs: 4 beds, 2.5 baths and 1,568 square feet

1121 Penselwood Dr., Raleigh — $370,000

• Neighborhood: Beachwood
• Realtor: Kameron Kalk • DASH Carolina
• Specs: 3 beds, 2.5 baths and 1,813 square feet

$400K

411 Lakewood Ave., Charlotte — $499,800

• Neighborhood: Lakewood
• Realtor: Paul Jamison and Jessica Dobbs • Keller Williams South Park
• Specs: 4 beds, 2.5 baths and 2,144 square feet

4109 Live Oak Road, Raleigh — $449,999

• Neighborhood: Oak Haven
• Realtor: Juan Rodriguez • Northside Realty Inc.

• Specs: 3 beds, 2.5 baths and 1,713 square feet

$500K

210 N Church St. #2407, Charlotte — $585,000

• Neighborhood: Fourth Ward
• Realtor: Jeff Hansen • Helen Adams Realty
• Specs: 2 beds, 2 baths and 1,185 square feet

5 Hill St, Raleigh — $575,000

• Neighborhood: College Park
• Realtor: Cathy Reed • Dogwood Properties
• Specs: 3 beds, 2.5 baths and 1,577 square feet

$900K

2140 Kirkwood Ave., Charlotte — $995,000

• Neighborhood: Dilworth
• Realtor: Jennifer Barbin and Brian Michaels • COMPASS
• Specs: 3 beds, 2.5 baths and 2,447 square feet

13 Furches St., Raleigh — $990,000

• Neighborhood: Wilmont 
• Realtor: Kimberlie Meeker • Carpenter Real Estate Group
• Specs: 4 beds, 2.5 baths and 3,100 square feet

$1M+

4527 Water Oak Road, Charlotte — $1,549,500

• Neighborhood: Cotswold
• Realtor: Missy Highsmith and Chris Carey • Mackey Realty LLC
• Specs: 4 beds, 3.5 baths and 3,674 square feet

5405 Crestview Road, Raleigh — $1,560,000

• Neighborhood: North Glen/Scarsdale
• Realtor: Gracie Goins • Howard Perry & Walston Realtor
• Specs: 5 beds, 4 baths and 3,760 square feet