Is Matthews, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Matthews has remained a Seller's Market.
Key Takeaway
Matthews is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Matthews, NC
How much do homes in Matthews, NC cost?
Median Sold Price
$529,514
$226/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Matthews have sold for 11.5% more than they did a year ago.
Summary: The median home sold price in Matthews was $529,514 in April 2024, up 11.5% from last year, and the median price per square foot was $226.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $1.2M | N/A |
| 2 Bedrooms | $290K | $363K | +25.2% |
| 3 Bedrooms | $380K | $394.9K | +3.9% |
| 4 Bedrooms | $536.5K | $614.9K | +14.6% |
| 5+ Bedrooms | $650K | $800K | +23.1% |
Summary: Matthews housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 25.2%, 3 bedroom homes increased by 3.9%, 4 bedroom homes increased by 14.6%, and 5+ bedroom homes increased by 23.1%.
Median Sold Price Compared To Nearby Cities
| Matthews | $475K | $529.5K | +11.5% |
| Matthews | $478.8K | $522.3K | +9.1% |
| Vance Township | $424.8K | $429.9K | +1.2% |
| Mint Hill | $482.2K | $487.2K | +1.0% |
| Stallings | $432.7K | $422.5K | -2.4% |
Housing Supply in Matthews, NC
How many homes are available in Matthews, NC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 226 | 260 | +15.0% |
Summary: The Matthews real estate market had 260 homes for sale in April 2024, a 15.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 13 | 15 | +15.4% |
| 3 Bedrooms | 82 | 94 | +14.6% |
| 4 Bedrooms | 84 | 92 | +9.5% |
| 5+ Bedrooms | 47 | 59 | +25.5% |
Summary: The Matthews housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 15.4%, 3 bedroom homes increased by 14.6%, 4 bedroom homes increased by 9.5%, and 5+ bedroom homes increased by 25.5%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 67 | 74 | +10.4% |
Asking Price vs. Sold Price
29 Homes Were Sold
Under Asking
19 Homes Were Sold
At Asking
26 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Matthews, you may be able to get a good deal. 39.2% of homes here sold below asking price last month.
Summary: A total of 74 homes were sold or pending in Matthews in April 2024, up by 10.4% month-over-month. Of the 74 sold homes, 39% were sold under asking, 26% were sold at asking, and 35% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 24 Days | 20 Days | -15.4% |
Summary: Homes in Matthews had an average of 20 days on market in Apr 2024, down by 15.4% compared to last year.
Breakdown of Home Sale Times
59 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Matthews are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 74 homes were sold in Matthews; 80% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
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