Is Matthews, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Matthews has remained a Seller's Market.
Key Takeaway
Matthews is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Matthews, NC
How much do homes in Matthews, NC cost?
Median Sold Price
$525,500
$226/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Matthews have sold for 8.5% more than they did a year ago.
Summary: The median home sold price in Matthews was $525,500 in May 2024, up 8.5% from last year, and the median price per square foot was $226.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $225K | $1.2M | +476.3% |
| 2 Bedrooms | $295K | $320K | +8.5% |
| 3 Bedrooms | $381.2K | $395K | +3.6% |
| 4 Bedrooms | $575.6K | $614K | +6.7% |
| 5+ Bedrooms | $740K | $820K | +10.8% |
Summary: Matthews housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 476.3%, 2 bedroom homes increased by 8.5%, 3 bedroom homes increased by 3.6%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes increased by 10.8%.
Median Sold Price Compared To Nearby Cities
| Matthews | $485K | $530.5K | +9.4% |
| Matthews | $484.5K | $525.5K | +8.5% |
| Indian Trail | $418.2K | $426.6K | +2.0% |
| Vance Township | $423.7K | $426.4K | +0.6% |
| Stallings | $426.4K | $422.5K | -0.9% |
Housing Supply in Matthews, NC
How many homes are available in Matthews, NC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 263 | 302 | +14.8% |
Summary: The Matthews real estate market had 302 homes for sale in May 2024, a 14.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 17 | 15 | -11.8% |
| 3 Bedrooms | 94 | 102 | +8.5% |
| 4 Bedrooms | 95 | 114 | +20.0% |
| 5+ Bedrooms | 57 | 71 | +24.6% |
Summary: The Matthews housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 11.8%, 3 bedroom homes increased by 8.5%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 24.6%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 77 | 85 | +10.4% |
Asking Price vs. Sold Price
28 Homes Were Sold
Under Asking
22 Homes Were Sold
At Asking
35 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Matthews, you could pay more than the asking price. 41.2% of homes here sold above asking price last month.
Summary: A total of 85 homes were sold or pending in Matthews in May 2024, up by 10.4% month-over-month. Of the 85 sold homes, 33% were sold under asking, 26% were sold at asking, and 41% were sold over asking.
Days on Market for Matthews, NC
How long does it take to sell a home in Matthews, NC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 17 Days | 17 Days | -2.4% |
Summary: Homes in Matthews had an average of 17 days on market in May 2024, down by 2.4% compared to last year.
Breakdown of Home Sale Times
68 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Matthews are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 85 homes were sold in Matthews; 80% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
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