Is Weddington, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Weddington is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Weddington has remained a Seller's Market.

Key Takeaway

Weddington is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Weddington, NC

How much do homes in Weddington, NC cost?

Median Sold Price

$1,188,000

$274/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$267,000(+29.0%)

Key Takeaway

Homes in Weddington have sold for 29% more than they did a year ago.

Summary: The median home sold price in Weddington was $1,188,000 in October 2024, up 29% from last year, and the median price per square foot was $274.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $1.2M-
N/A
2 $950K-
N/A
3 $582.5K$655K
+12.4%
4 $815K$1.0M
+26.8%
5+ $1.3M$1.4M
+7.9%

Summary: Weddington housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 12.4%, 4 bedroom homes increased by 26.8%, and 5+ bedroom homes increased by 7.9%.

Median Sold Price Compared To Nearby Cities

Weddington
+29.0%
Wesley Chapel
+17.4%
Sandy Ridge Township
+7.0%
Matthews
+6.8%
Marvin
+3.3%

Housing Supply in Weddington, NC

How many homes are available in Weddington, NC?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3545+28.6%

Summary: The Weddington real estate market had 45 homes for sale in October 2024, a 28.6% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 00
0.0%
3 88
0.0%
4 1519
+26.7%
5+ 1218
+50.0%

Summary: The Weddington housing inventory by bedroom type for October 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 26.7%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
29+350.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Weddington, you could pay more than the asking price. 55.6% of homes here sold above asking price last month.

Summary: A total of 9 homes were sold or pending in Weddington in October 2024, up by 350.0% month-over-month. Of the 9 sold homes, 44% were sold under asking, 0% were sold at asking, and 56% 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

Oct 2023Oct 2024CHANGE
33 Days35 Days+5.7%

Summary: Homes in Weddington had an average of 35 days on market in Oct 2024, up by 5.7% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Weddington are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 9 homes were sold in Weddington; 67% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 12 Days Ago

Newest Listings in Weddington, NC

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