Is Waxhaw, 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, 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
$710,178
$221/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Waxhaw have sold for 20.6% more than they did a year ago.
Summary: The median home sold price in Waxhaw was $710,178 in April 2024, up 20.6% from last year, and the median price per square foot was $221.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $335K | $310K | -7.5% |
| 3 Bedrooms | $405K | $450K | +11.1% |
| 4 Bedrooms | $582.5K | $685K | +17.6% |
| 5+ Bedrooms | $750K | $830K | +10.7% |
Summary: Waxhaw 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 decreased by 7.5%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 17.6%, and 5+ bedroom homes increased by 10.7%.
Median Sold Price Compared To Nearby Cities
| Waxhaw | $589K | $710.1K | +20.6% |
| Marvin | $1.0M | $1.1M | +11.8% |
| Jackson Township | $480K | $520K | +8.3% |
| Wesley Chapel | $612.5K | $616K | +0.6% |
| Mineral Springs | $445K | $420K | -5.6% |
Housing Supply in Waxhaw, NC
How many homes are available in Waxhaw, NC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 209 | 236 | +12.9% |
Summary: The Waxhaw real estate market had 236 homes for sale in April 2024, a 12.9% 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 | 8 | 8 | 0.0% |
| 3 Bedrooms | 40 | 48 | +20.0% |
| 4 Bedrooms | 69 | 88 | +27.5% |
| 5+ Bedrooms | 92 | 92 | 0.0% |
Summary: The Waxhaw 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 remained the same, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 27.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 57 | 64 | +12.3% |
Asking Price vs. Sold Price
27 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
29 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Waxhaw, you could pay more than the asking price. 45.3% of homes here sold above asking price last month.
Summary: A total of 64 homes were sold or pending in Waxhaw in April 2024, up by 12.3% month-over-month. Of the 64 sold homes, 42% were sold under asking, 13% were sold at asking, and 45% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 22 Days | 14 Days | -37.9% |
Summary: Homes in Waxhaw had an average of 14 days on market in Apr 2024, down by 37.9% compared to last year.
Breakdown of Home Sale Times
55 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
2 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 April 2024, 64 homes were sold in Waxhaw; 86% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
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