Is Matthews Township, 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 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
$515,505
$223/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Matthews Township have sold for 22.2% more than they did a year ago.
Summary: The median home sold price in Matthews Township was $515,505 in March 2024, up 22.2% from last year, and the median price per square foot was $223.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $50K | $1.2M | +2493.5% |
| 2 Bedrooms | $240K | $342.7K | +42.8% |
| 3 Bedrooms | $362K | $384.2K | +6.1% |
| 4 Bedrooms | $524.9K | $614.7K | +17.1% |
| 5+ Bedrooms | $700K | $800K | +14.3% |
Summary: Matthews Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2493.5%, 2 bedroom homes increased by 42.8%, 3 bedroom homes increased by 6.1%, 4 bedroom homes increased by 17.1%, and 5+ bedroom homes increased by 14.3%.
Median Sold Price Compared To Nearby Cities
| Matthews Township | $422K | $515.5K | +22.2% |
| Siler City | $266K | $275.5K | +3.6% |
| Columbia Township | $225.5K | $203.5K | -9.8% |
Housing Supply in Matthews Township, NC
How many homes are available in Matthews Township, NC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 238 | 243 | +2.1% |
Summary: The Matthews Township real estate market had 243 homes for sale in March 2024, a 2.1% 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 | 15 | -11.8% |
| 3 Bedrooms | 88 | 88 | 0.0% |
| 4 Bedrooms | 89 | 93 | +4.5% |
| 5+ Bedrooms | 44 | 47 | +6.8% |
Summary: The Matthews Township 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 11.8%, 3 bedroom homes remained the same, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes increased by 6.8%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 71 | 67 | -5.6% |
Asking Price vs. Sold Price
24 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
29 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Matthews Township, you could pay more than the asking price. 43.3% of homes here sold above asking price last month.
Summary: A total of 67 homes were sold or pending in Matthews Township in March 2024, down by 5.6% month-over-month. Of the 67 sold homes, 36% were sold under asking, 21% were sold at asking, and 43% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 36 Days | 25 Days | -30.1% |
Summary: Homes in Matthews Township had an average of 25 days on market in Mar 2024, down by 30.1% compared to last year.
Breakdown of Home Sale Times
45 Homes Were Sold
Under 30 Days
17 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Matthews Township are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 67 homes were sold in Matthews Township; 67% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
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