Is Matthews Township, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Matthews Township is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Matthews Township has remained a Seller's Market.

Key Takeaway

Matthews Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

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

+$49,916(+10.6%)

Key Takeaway

Homes in Matthews Township have sold for 10.6% more than they did a year ago.

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

# BEDSMay 2023May 2024CHANGE
1 $50K$1.2M
+2493.5%
2 $267.2K$320K
+19.7%
3 $370K$394.4K
+6.6%
4 $555K$608.4K
+9.6%
5+ $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
+17.0%
Matthews Township
+10.6%
Columbia Township
-3.5%

Housing Supply in Matthews Township, NC

How many homes are available in Matthews Township, NC?

Number of Homes For Sale

Apr 2024May 2024CHANGE
290326+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

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 1816
-11.1%
3 107114
+6.5%
4 106122
+15.1%
5+ 5974
+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 2024May 2024CHANGE
8191+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Matthews Township, you could pay more than the asking price. 39.6% of homes here sold above asking price last month.

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 2023May 2024CHANGE
31 Days18 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Matthews Township are selling fast, if you're buying plan to act quickly.

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 4 Days Ago

Newest Listings in Matthews Township, NC

Nearby Markets to Matthews Township, NC

What housing markets are near Matthews Township, NC?