Is Weddington, 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, Weddington has remained a Seller's Market.
Key Takeaway
Weddington is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Weddington, NC
How much do homes in Weddington, NC cost?
Median Sold Price
$990,000
$260/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Weddington have sold for 10% more than they did a year ago.
Summary: The median home sold price in Weddington was $990,000 in May 2024, up 10% from last year, and the median price per square foot was $260.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $1.2M | N/A |
| 2 Bedrooms | - | $950K | N/A |
| 3 Bedrooms | $431.4K | $655K | +51.8% |
| 4 Bedrooms | $900.6K | $870K | -3.4% |
| 5+ Bedrooms | $1.2M | $1.3M | +12.3% |
Summary: Weddington housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 51.8%, 4 bedroom homes decreased by 3.4%, and 5+ bedroom homes increased by 12.3%.
Median Sold Price Compared To Nearby Cities
| Marvin | $1.0M | $1.1M | +10.6% |
| Weddington | $900K | $990K | +10.0% |
| Sandy Ridge Township | $730.1K | $801.8K | +9.8% |
| Matthews | $484.5K | $525.5K | +8.5% |
| Wesley Chapel | $600K | $649.5K | +8.3% |
Housing Supply in Weddington, NC
How many homes are available in Weddington, NC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 44 | 63 | +43.2% |
Summary: The Weddington real estate market had 63 homes for sale in May 2024, a 43.2% 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 8 | 9 | +12.5% |
| 4 Bedrooms | 17 | 23 | +35.3% |
| 5+ Bedrooms | 19 | 31 | +63.2% |
Summary: The Weddington 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 remained the same, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 35.3%, and 5+ bedroom homes increased by 63.2%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 8 | 19 | +137.5% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Weddington, you may be able to get a good deal. 42.1% of homes here sold below asking price last month.
Summary: A total of 19 homes were sold or pending in Weddington in May 2024, up by 137.5% month-over-month. Of the 19 sold homes, 42% were sold under asking, 32% were sold at asking, and 26% were sold over asking.
Days on Market for Weddington, NC
How long does it take to sell a home in Weddington, NC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 28 Days | 13 Days | -51.9% |
Summary: Homes in Weddington had an average of 13 days on market in May 2024, down by 51.9% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Weddington are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 19 homes were sold in Weddington; 79% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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