Is Waxhaw, 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, Waxhaw has remained a Seller's Market.
Key Takeaway
Waxhaw is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Waxhaw, NC
How much do homes in Waxhaw, NC cost?
Median Sold Price
$704,000
$221/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Waxhaw have sold for 21.4% more than they did a year ago.
Summary: The median home sold price in Waxhaw was $704,000 in March 2024, up 21.4% from last year, and the median price per square foot was $221.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $347.4K | $307K | -11.7% |
| 3 Bedrooms | $400K | $441.5K | +10.4% |
| 4 Bedrooms | $582.5K | $675K | +15.9% |
| 5+ Bedrooms | $720K | $830K | +15.3% |
Summary: Waxhaw 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 decreased by 11.7%, 3 bedroom homes increased by 10.4%, 4 bedroom homes increased by 15.9%, and 5+ bedroom homes increased by 15.3%.
Median Sold Price Compared To Nearby Cities
| Waxhaw | $580K | $704K | +21.4% |
| Marvin | $1.0M | $1.1M | +10.5% |
| Jackson Township | $480.3K | $499.9K | +4.1% |
| Wesley Chapel | $615K | $632.5K | +2.8% |
| Mineral Springs | $525.2K | $412K | -21.6% |
Housing Supply in Waxhaw, NC
How many homes are available in Waxhaw, NC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 174 | 209 | +20.1% |
Summary: The Waxhaw real estate market had 209 homes for sale in March 2024, a 20.1% 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 | 4 | 8 | +100.0% |
| 3 Bedrooms | 44 | 42 | -4.5% |
| 4 Bedrooms | 57 | 72 | +26.3% |
| 5+ Bedrooms | 69 | 87 | +26.1% |
Summary: The Waxhaw 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 increased by 100%, 3 bedroom homes decreased by 4.5%, 4 bedroom homes increased by 26.3%, and 5+ bedroom homes increased by 26.1%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 45 | 52 | +15.6% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
25 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Waxhaw, you could pay more than the asking price. 48.1% of homes here sold above asking price last month.
Summary: A total of 52 homes were sold or pending in Waxhaw in March 2024, up by 15.6% month-over-month. Of the 52 sold homes, 35% were sold under asking, 17% were sold at asking, and 48% were sold over asking.
Days on Market for Waxhaw, NC
How long does it take to sell a home in Waxhaw, NC?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 34 Days | 21 Days | -36.4% |
Summary: Homes in Waxhaw had an average of 21 days on market in Mar 2024, down by 36.4% compared to last year.
Breakdown of Home Sale Times
38 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Waxhaw are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 52 homes were sold in Waxhaw; 73% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
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