Is Matthews, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 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
$530,533
$227/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Matthews have sold for 9.4% more than they did a year ago.
Summary: The median home sold price in Matthews was $530,533 in May 2024, up 9.4% from last year, and the median price per square foot was $227.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $1.2M | N/A |
| 2 Bedrooms | $330K | $350K | +6.1% |
| 3 Bedrooms | $383K | $399.6K | +4.4% |
| 4 Bedrooms | $550K | $614.7K | +11.8% |
| 5+ Bedrooms | $669.2K | $845K | +26.3% |
Summary: Matthews housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 6.1%, 3 bedroom homes increased by 4.4%, 4 bedroom homes increased by 11.8%, and 5+ bedroom homes increased by 26.3%.
Median Sold Price Compared To Nearby Cities
| Matthews | $485K | $530.5K | +9.4% |
| Matthews | $484.5K | $525.5K | +8.5% |
| Vance Township | $423.7K | $426.4K | +0.6% |
| Mint Hill | $486.2K | $483.8K | -0.5% |
| Stallings | $426.4K | $422.5K | -0.9% |
Housing Supply in Matthews, NC
How many homes are available in Matthews, NC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 267 | 304 | +13.9% |
Summary: The Matthews real estate market had 304 homes for sale in May 2024, a 13.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 16 | 13 | -18.8% |
| 3 Bedrooms | 96 | 104 | +8.3% |
| 4 Bedrooms | 96 | 113 | +17.7% |
| 5+ Bedrooms | 59 | 74 | +25.4% |
Summary: The Matthews housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 18.8%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 17.7%, and 5+ bedroom homes increased by 25.4%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 78 | 87 | +11.5% |
Asking Price vs. Sold Price
29 Homes Were Sold
Under Asking
22 Homes Were Sold
At Asking
36 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Matthews, you could pay more than the asking price. 41.4% of homes here sold above asking price last month.
Summary: A total of 87 homes were sold or pending in Matthews in May 2024, up by 11.5% month-over-month. Of the 87 sold homes, 33% were sold under asking, 25% were sold at asking, and 41% 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 29 Days | 17 Days | -41.5% |
Summary: Homes in Matthews had an average of 17 days on market in May 2024, down by 41.5% compared to last year.
Breakdown of Home Sale Times
69 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
5 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 May 2024, 87 homes were sold in Matthews; 79% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
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