Is Matthews, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Matthews has remained a Seller's Market.
Housing Prices in Matthews, NC
How much do homes in Matthews, NC cost?
Median Sold Price
$528,757
$225/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Matthews was $528,757 in March 2024, up 13.7% from last year, and the median price per square foot was $225.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $1.2M | N/A |
2 Bedrooms | $300K | $373.5K | +24.5% |
3 Bedrooms | $382.2K | $390K | +2.0% |
4 Bedrooms | $523.8K | $615.9K | +17.6% |
5+ Bedrooms | $648.7K | $800K | +23.3% |
Summary: Matthews housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 24.5%, 3 bedroom homes increased by 2%, 4 bedroom homes increased by 17.6%, and 5+ bedroom homes increased by 23.3%.
Median Sold Price Compared To Nearby Cities
Matthews | $465K | $528.7K | +13.7% |
Matthews | $476.9K | $520.5K | +9.1% |
Vance Township | $421K | $430K | +2.2% |
Mint Hill | $479.1K | $489.8K | +2.2% |
Stallings | $425.1K | $421.2K | -0.9% |
Housing Supply in Matthews, NC
How many homes are available in Matthews, NC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
218 | 219 | 0.5% |
Summary: The Matthews real estate market had 219 homes for sale in March 2024, a 0.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 17 | 13 | -23.5% |
3 Bedrooms | 77 | 77 | 0.0% |
4 Bedrooms | 80 | 82 | +2.5% |
5+ Bedrooms | 44 | 47 | +6.8% |
Summary: The Matthews housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 23.5%, 3 bedroom homes remained the same, 4 bedroom homes increased by 2.5%, and 5+ bedroom homes increased by 6.8%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
69 | 64 | -7.2% |
Asking Price vs. Sold Price
22 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
28 Homes Were Sold
Over Asking
Summary: A total of 64 homes were sold or pending in Matthews in March 2024, down by 7.2% month-over-month. Of the 64 sold homes, 34% were sold under asking, 22% were sold at asking, and 44% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
36 Days | 23 Days | -36.1% |
Summary: Homes in Matthews had an average of 23 days on market in Mar 2024, down by 36.1% compared to last year.
Breakdown of Home Sale Times
45 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During March 2024, 64 homes were sold in Matthews; 70% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.