Is Matthews Township, 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 Township has remained a Seller's Market.
Housing Prices in Matthews Township, NC
How much do homes in Matthews Township, NC cost?
Median Sold Price
$522,416
$225/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Matthews Township was $522,416 in May 2024, up 10.6% from last year, and the median price per square foot was $225.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $50K | $1.2M | +2493.5% |
2 Bedrooms | $267.2K | $320K | +19.7% |
3 Bedrooms | $370K | $394.4K | +6.6% |
4 Bedrooms | $555K | $608.4K | +9.6% |
5+ Bedrooms | $742.5K | $845K | +13.8% |
Summary: Matthews Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2493.5%, 2 bedroom homes increased by 19.7%, 3 bedroom homes increased by 6.6%, 4 bedroom homes increased by 9.6%, and 5+ bedroom homes increased by 13.8%.
Median Sold Price Compared To Nearby Cities
Siler City | $250K | $292.5K | +17.0% |
Matthews Township | $472.5K | $522.4K | +10.6% |
Columbia Township | $215.5K | $208K | -3.5% |
Housing Supply in Matthews Township, NC
How many homes are available in Matthews Township, NC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
290 | 326 | +12.4% |
Summary: The Matthews Township real estate market had 326 homes for sale in May 2024, a 12.4% 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 | 18 | 16 | -11.1% |
3 Bedrooms | 107 | 114 | +6.5% |
4 Bedrooms | 106 | 122 | +15.1% |
5+ Bedrooms | 59 | 74 | +25.4% |
Summary: The Matthews Township 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 11.1%, 3 bedroom homes increased by 6.5%, 4 bedroom homes increased by 15.1%, and 5+ bedroom homes increased by 25.4%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
81 | 91 | +12.3% |
Asking Price vs. Sold Price
32 Homes Were Sold
Under Asking
23 Homes Were Sold
At Asking
36 Homes Were Sold
Over Asking
Summary: A total of 91 homes were sold or pending in Matthews Township in May 2024, up by 12.3% month-over-month. Of the 91 sold homes, 35% were sold under asking, 25% were sold at asking, and 40% were sold over asking.
Days on Market for Matthews Township, NC
How long does it take to sell a home in Matthews Township, NC?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
31 Days | 18 Days | -40.8% |
Summary: Homes in Matthews Township had an average of 18 days on market in May 2024, down by 40.8% compared to last year.
Breakdown of Home Sale Times
72 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During May 2024, 91 homes were sold in Matthews Township; 79% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.