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.
Housing Prices in Matthews, NC
How much do homes in Matthews, NC cost?
Median Sold Price
$522,333
$225/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Matthews was $522,333 in April 2024, up 9.1% from last year, and the median price per square foot was $225.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $225K | $1.2M | +476.3% |
2 Bedrooms | $279.9K | $325K | +16.1% |
3 Bedrooms | $380K | $390K | +2.6% |
4 Bedrooms | $576K | $614.8K | +6.7% |
5+ Bedrooms | $732K | $797K | +8.9% |
Summary: Matthews housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 476.3%, 2 bedroom homes increased by 16.1%, 3 bedroom homes increased by 2.6%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes increased by 8.9%.
Median Sold Price Compared To Nearby Cities
Matthews | $475K | $529.5K | +11.5% |
Matthews | $478.8K | $522.3K | +9.1% |
Indian Trail | $419.2K | $426.9K | +1.8% |
Vance Township | $424.8K | $429.9K | +1.2% |
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 |
---|---|---|
221 | 254 | +14.9% |
Summary: The Matthews real estate market had 254 homes for sale in April 2024, a 14.9% 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 | 16 | +23.1% |
3 Bedrooms | 79 | 91 | +15.2% |
4 Bedrooms | 83 | 89 | +7.2% |
5+ Bedrooms | 46 | 58 | +26.1% |
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 23.1%, 3 bedroom homes increased by 15.2%, 4 bedroom homes increased by 7.2%, and 5+ bedroom homes increased by 26.1%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
67 | 71 | +6.0% |
Asking Price vs. Sold Price
28 Homes Were Sold
Under Asking
17 Homes Were Sold
At Asking
26 Homes Were Sold
Over Asking
Summary: A total of 71 homes were sold or pending in Matthews in April 2024, up by 6.0% month-over-month. Of the 71 sold homes, 39% were sold under asking, 24% were sold at asking, and 37% 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 |
---|---|---|
21 Days | 17 Days | -19.9% |
Summary: Homes in Matthews had an average of 17 days on market in Apr 2024, down by 19.9% compared to last year.
Breakdown of Home Sale Times
57 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 71 homes were sold in Matthews; 80% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.