The Commonwealth housing market is somewhat competitive. The median sale price of a home in Commonwealth was $565K last month, down 39.5% since last year.
What is the housing market like in Commonwealth today?
In January 2025, Commonwealth home prices were down 39.5% compared to last year, selling for a median price of $565K. On average, homes in Commonwealth sell after 25 days on the market compared to 45 days last year. There were 1 homes sold in January this year, down from 2 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$565,000
-39.5% YoY | Jan 2025
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Jan 2025
Growth
% YoY
Commonwealth, NC
$565,000
-39.5%
United States
To compare other locations to the Commonwealth and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Charlotte add value to a home.
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Work with the best agents in Commonwealth
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How hot is the Commonwealth housing market?
Commonwealth is somewhat competitive. Homes sell in 55 days.
0
100
49
Somewhat Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 12 months
Some homes get multiple offers.
The average homes sell for around list price and go pending in around 55 days.
Hot homes
can sell for about 2% above list price and go pending in around 22 days.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Commonwealth housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Commonwealth.
Flood Factor - Minor
15% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Commonwealth has a minor risk of flooding. 56 properties in Commonwealth are likely to be
severely affected
by flooding over the next 30 years. This represents 15% of all properties in Commonwealth. Flood risk is increasing slower than the national average.
100% of properties are at major
risk of a severe wind event over the next 30 years
Wind Factor
Commonwealth has a Major Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Commonwealth is most at risk from hurricanes. 434 properties in Commonwealth have some risk of being in a severe wind event within the next 30 years.
Wind likelihood over time
If an exceedingly rare windstorm
(a 1-in-3,000 year storm event)
occurred today, it could cause wind gusts of up to 70 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 81 mph.