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
$520,506
$223/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Matthews was $520,506 in March 2024, up 9.1% 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 | $225K | $1.2M | +476.3% |
2 Bedrooms | $285K | $317.7K | +11.5% |
3 Bedrooms | $381.5K | $386K | +1.2% |
4 Bedrooms | $570K | $614.8K | +7.9% |
5+ Bedrooms | $734K | $797K | +8.6% |
Summary: Matthews housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 476.3%, 2 bedroom homes increased by 11.5%, 3 bedroom homes increased by 1.2%, 4 bedroom homes increased by 7.9%, and 5+ bedroom homes increased by 8.6%.
Median Sold Price Compared To Nearby Cities
Matthews | $465K | $528.7K | +13.7% |
Matthews | $476.9K | $520.5K | +9.1% |
Indian Trail | $414K | $427.1K | +3.2% |
Vance Township | $421K | $430K | +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 |
---|---|---|
213 | 212 | -0.5% |
Summary: The Matthews real estate market had 212 homes for sale in March 2024, a 0.5% decrease 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 | 74 | 74 | 0.0% |
4 Bedrooms | 78 | 80 | +2.6% |
5+ Bedrooms | 44 | 45 | +2.3% |
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 2.6%, and 5+ bedroom homes increased by 2.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
67 | 64 | -4.5% |
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 4.5% 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 | -37.4% |
Summary: Homes in Matthews had an average of 23 days on market in Mar 2024, down by 37.4% 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.