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Featured local agent — Lake Norman of Catawba, NC
Sarah Mitchell
Compass Real Estate · Lake Norman of Catawba, NC
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Lake Norman of Catawba, NC Housing Market
The last median sale price Redfin published was $599,990, +32.4% year over year (through May 2026). With 4.0 months of supply and homes going under contract in about 62 days, Lake Norman of Catawba is a leaning buyer's. At today's 7.03% 30-year fixed rate, 20% down on a $599,990 home is about $3,203/mo in principal and interest.
Key numbers for Lake Norman of Catawba, NC
Median sale price
$599,990
+32.4% year over year
Redfin, through May 2026
Days on market
62
Slow-moving
Redfin, through May 2026
Active listings
99
4.0 months of supply
Redfin, through May 2026
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Median household income
$106,836
Home costs 5.6x income
U.S. Census ACS, 2023
Sale-to-list ratio
96.7%
Selling below asking
Redfin, through May 2026
Zillow figures refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Lake Norman of Catawba a buyer's or seller's market?
Lake Norman of Catawba, NC is a leaning buyer's, based on 4.0 months of supply and homes selling in about 62 days. 4 to 5 months of supply is the neutral band: neither side holds a structural advantage, and outcomes turn on the individual property.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Lake Norman of Catawba housing market data show?
Every row below is Redfin's final published month for Lake Norman of Catawba, NC. Redfin, through May 2026
| Metric | Value |
|---|---|
| Median sale price | $599,990 |
| Median list price | $497,200 |
| Year-over-year price change | +32.4% |
| Median price per sq ft | $250/sq ft |
| Median days on market | 62 days |
| Active inventory | 99 listings |
| Months of supply | 4.0 months |
| Sale-to-list price ratio | 96.7% |
| Homes sold (that month) | 25 |
| New listings (that month) | 28 |
| Listings with a price cut | 35.4% |
| Market condition | Leaning buyer's |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Lake Norman of Catawba is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Lake Norman of Catawba is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Lake Norman of Catawba home prices moved?
Over the last three years the median sale price in Lake Norman of Catawba, NC rose 33.3%, from $450,000 to $599,990. 35.4% of Lake Norman of Catawba listings cut their asking price in the final Redfin month — a high share, and the clearest sign that list prices were running ahead of what buyers would pay. For prices to fall meaningfully from here, supply would have to keep building past 4.0 months while the sale-to-list ratio slips below its current 96.7%. Watch those two together — they move before the median does.
Redfin, through May 2026 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Lake Norman of Catawba?
Priced off the median sale price of $599,990 at the current 7.03% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $119,998 | $479,992 | $3,203/mo |
| 5% | $30,000 | $569,991 | $3,804/mo |
Redfin, through May 2026 for the price · Freddie Mac via FRED, September 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $3,203, that implies roughly $137,275 a year before you add taxes and insurance. The median household in Lake Norman of Catawba earns $106,836, about $30,439 short of that threshold — the typical local household needs a larger down payment, a co-borrower, or a home below the median sale price to fit the 28% rule. That puts the price-to-income ratio at 5.6x — well above the 3x that was historically considered affordable, which is why down payment size drives who can buy here.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Lake Norman of Catawba in the next 12 months?
Tell us your timeline. We send the Lake Norman of Catawba market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Lake Norman of Catawba?
Zillow does not publish a rent index (ZORI) for Lake Norman of Catawba, NC, so we cannot compute a price-to-rent ratio here without borrowing a nearby market's rents and calling them local — which we will not do. The rent vs. buy calculator works with a rent figure you supply.
Is inventory rising or falling in Lake Norman of Catawba?
Active listings in Lake Norman of Catawba, NC went from 138 in May 2025 to 99 in May 2026, a -28.3% change. Falling inventory tightens competition. When supply drops while demand holds, sale-to-list ratios rise before the median sale price does.
| Month | Active listings | New listings |
|---|---|---|
| June 2025 | 142 | 36 |
| July 2025 | 134 | 37 |
| August 2025 | 134 | 28 |
| September 2025 | 140 | 27 |
| October 2025 | 120 | 19 |
| November 2025 | 112 | 22 |
| December 2025 | 90 | 18 |
| January 2026 | 76 | 14 |
| February 2026 | 87 | 32 |
| March 2026 | 88 | 32 |
| April 2026 | 101 | 36 |
| May 2026 | 99 | 28 |
Redfin, through May 2026
How does Lake Norman of Catawba compare to North Carolina and the U.S.?
Lake Norman of Catawba homes sell for $599,990 — 51% above the North Carolina median of $397,600. Against the national median of $410,700, Lake Norman of Catawba runs 46% higher. Year-over-year, Lake Norman of Catawba moved +32.4% against North Carolina's +2.1% — a bigger swing than the state as a whole.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Lake Norman of Catawba, NC | $599,990 | +32.4% | 62 days |
| North Carolina statewide | $397,600 | +2.1% | 52 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through May 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Lake Norman of Catawba
What buyers should watch
- Months of supply, currently 4.0. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The share of listings cutting price, currently 35.4%. A listing that has already cut once is the one most likely to accept below asking.
- The gap between 5% and 20% down here is $601 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 7.03%, every full point of rate change moves the payment on a $599,990 home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median Lake Norman of Catawba listing goes under contract in 62 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Homes here close at 96.7% of asking. Price to that ratio from day one rather than chasing the market down in cuts.
- In the last published month Lake Norman of Catawba added 28 new listings against 25 sales — more competition arriving than clearing, so early timing matters.
- Comparable ZIP-level pricing inside Lake Norman of Catawba varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Lake Norman of Catawba
There are currently 99 homes listed for sale in Lake Norman of Catawba, North Carolina. The median listing price is $497K.
Active listings
99
Homes on market
Median list price
$497K
Avg. days on market
62
Days until sale
New this week
28
Newly listed
How much do homes cost in Lake Norman of Catawba by property type?
How the Lake Norman of Catawba, NC market breaks down across single-family homes, condos and townhouses. Redfin, through May 2026
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $690,000 | $251/sq ft | 20 | 62 days |
| Condo / co-op | $367,500 | $622/sq ft | 1 | 19 days |
| Townhouse | $311,950 | $173/sq ft | 4 | 167 days |
Who lives in Lake Norman of Catawba?
American Community Survey estimates for Lake Norman of Catawba. U.S. Census ACS, 2023
Population
9,308
Households
3,871
Median income
$106,836/yr
Median age
50.5 years
Owner-occupied
88.7%
Median home value
$522,300
Median gross rent
$1,246/mo
Mean commute
34.5 min
88.7% of occupied homes in Lake Norman of Catawba are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market.
Which cities are near Lake Norman of Catawba, NC?
Ordered by distance from Lake Norman of Catawba, not by size. Compare Lake Norman of Catawba side by side with any of them.
Lake Norman of Catawba housing market FAQ
Is Lake Norman of Catawba a buyer's or seller's market?
Lake Norman of Catawba, NC is currently a leaning buyer's. That read comes from 4.0 months of supply, homes going under contract in about 62 days, and sellers getting 96.7% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in Lake Norman of Catawba?
The median sale price in the last month Redfin published was $599,990, about $250 per square foot.
Is Lake Norman of Catawba cheaper than the rest of North Carolina?
Lake Norman of Catawba's median sale price of $599,990 is 51% higher than the North Carolina statewide median of $397,600, and 46% above the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Lake Norman of Catawba?
Homes in Lake Norman of Catawba, NC spent a median of 62 days on market before going under contract, versus 52 days statewide. Over two months means buyers have time to inspect, compare and negotiate. (Redfin, through May 2026.)
What income do you need to buy a home in Lake Norman of Catawba?
At the current 30-year fixed rate of 7.03%, 20% down on a $599,990 home is about $3,203 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $137,275 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $106,836.
Are home prices rising in Lake Norman of Catawba?
Redfin's last published year-over-year change for Lake Norman of Catawba, NC was +32.4%, measured through May 2026. That series is frozen; treat it as a historical reading rather than a current trend.
What are the cheapest ZIP codes in Lake Norman of Catawba?
Lake Norman of Catawba ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Lake Norman of Catawba?
That depends on your timeline, not on a headline. What the data says today: Lake Norman of Catawba, NC is a leaning buyer's with 4.0 months of supply, the 30-year fixed rate is 7.03%. Properties Incorporated publishes the data; it does not give financial advice.
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