Kannapolis, North Carolina, is a dynamic city in Cabarrus and Rowan counties, located about 25 miles northeast of Charlotte, with a population of approximately 53,000. Once a textile mill town, Kannapolis has transformed into a thriving hub for education, research, and community life, notably as home to the North Carolina Research Campus, a biotechnology center fostering innovation in health and nutrition. The city celebrates its history through attractions like the Kannapolis Cannon Ballers’ baseball stadium and the revitalized downtown, featuring shops, restaurants, and the Gem Theatre, a historic single-screen cinema. With family-friendly events, such as the Jiggy with the Piggy Festival, and recreational spots like Village Park, Kannapolis blends small-town charm with modern growth, offering a welcoming community and easy access to the Charlotte metro area.
Kannapolis currently has 265 single family homes for sale with an average list price of $355,103.71, 38 townhouses for sale with an average list price of $322,087.50, 2 condos for sale with an average list price of $232,950, and 64 lots for sale with an average list price of $323,161.72.
Using the absorption rate, we can determine how long it's taking for homes to sell and which price points are selling the fastest in Kannapolis, i.e. what's hot and what's not.
See What's Hot & What's Not in KannapolisKannapolis home sales for the month of September rose in volume by 5.9% when compared to last year, while the median sale price rose by 14% from $260,500 to $297,000. House sales stayed the same, while the median sale price rose by 16.9% from $258,250 to $302,000. Condo sales stayed the same, while the median sale price rose by 72.3% from $148,000 to $255,000. Townhouse sales rose by 150%, while the median sale price decreased by 17% from $343,700 to $285,255.
1050
|
843
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747
|
618
|
2021 | 2022 | 2023 | 2024 |
# of sales per year |
$240,000
|
$282,000
|
$290,000
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$290,000
|
2021 | 2022 | 2023 | 2024 |
median sale price per year |
HomesByMarco agents are experts in the area. If you're looking to buy or sell a home, give us a call today at 888-326-2726.