Is Weddington, 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, Weddington has remained a Seller's Market.
Housing Prices in Weddington, NC
How much do homes in Weddington, NC cost?
Median Sold Price
$962,000
$255/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Weddington was $962,000 in March 2024, up 13.2% from last year, and the median price per square foot was $255.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $1.2M | N/A |
2 Bedrooms | $480K | $950K | +97.9% |
3 Bedrooms | $430K | $623K | +44.9% |
4 Bedrooms | $880K | $870K | -1.1% |
5+ Bedrooms | $1.1M | $1.3M | +14.5% |
Summary: Weddington 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 97.9%, 3 bedroom homes increased by 44.9%, 4 bedroom homes decreased by 1.1%, and 5+ bedroom homes increased by 14.5%.
Median Sold Price Compared To Nearby Cities
Weddington | $850K | $962K | +13.2% |
Marvin | $1.0M | $1.1M | +10.5% |
Matthews | $476.9K | $520.5K | +9.1% |
Sandy Ridge Township | $731.2K | $794.7K | +8.7% |
Wesley Chapel | $615K | $632.5K | +2.8% |
Housing Supply in Weddington, NC
How many homes are available in Weddington, NC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
36 | 42 | +16.7% |
Summary: The Weddington real estate market had 42 homes for sale in March 2024, a 16.7% 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 | 0 | 0 | 0.0% |
3 Bedrooms | 6 | 6 | 0.0% |
4 Bedrooms | 15 | 18 | +20.0% |
5+ Bedrooms | 15 | 18 | +20.0% |
Summary: The Weddington 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
9 | 13 | +44.4% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 13 homes were sold or pending in Weddington in March 2024, up by 44.4% month-over-month. Of the 13 sold homes, 54% were sold under asking, 23% were sold at asking, and 23% were sold over asking.
Days on Market for Weddington, NC
How long does it take to sell a home in Weddington, NC?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
45 Days | 36 Days | -18.8% |
Summary: Homes in Weddington had an average of 36 days on market in Mar 2024, down by 18.8% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 13 homes were sold in Weddington; 62% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.