Is Weddington, 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, Weddington has remained a Seller's Market.
Housing Prices in Weddington, NC
How much do homes in Weddington, NC cost?
Median Sold Price
$976,000
$256/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Weddington was $976,000 in April 2024, up 12.8% from last year, and the median price per square foot was $256.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $1.2M | N/A |
2 Bedrooms | - | $950K | N/A |
3 Bedrooms | $430K | $645K | +50.0% |
4 Bedrooms | $885K | $870.5K | -1.6% |
5+ Bedrooms | $1.2M | $1.3M | +11.3% |
Summary: Weddington 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 did not change, 3 bedroom homes increased by 50%, 4 bedroom homes decreased by 1.6%, and 5+ bedroom homes increased by 11.3%.
Median Sold Price Compared To Nearby Cities
Weddington | $865.5K | $976K | +12.8% |
Marvin | $1.0M | $1.1M | +11.8% |
Matthews | $478.8K | $522.3K | +9.1% |
Sandy Ridge Township | $732.6K | $795.3K | +8.6% |
Wesley Chapel | $612.5K | $616K | +0.6% |
Housing Supply in Weddington, NC
How many homes are available in Weddington, NC?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
39 | 41 | +5.1% |
Summary: The Weddington real estate market had 41 homes for sale in April 2024, a 5.1% 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 | 0 | 0 | 0.0% |
3 Bedrooms | 6 | 7 | +16.7% |
4 Bedrooms | 15 | 15 | 0.0% |
5+ Bedrooms | 18 | 19 | +5.6% |
Summary: The Weddington 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 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 5.6%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
13 | 7 | -46.2% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Weddington in April 2024, down by 46.2% month-over-month. Of the 7 sold homes, 14% were sold under asking, 0% were sold at asking, and 86% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
33 Days | 8 Days | -75.2% |
Summary: Homes in Weddington had an average of 8 days on market in Apr 2024, down by 75.2% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 7 homes were sold in Weddington; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.