Is Saint Matthews Township, 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, Saint Matthews Township has remained a Seller's Market.
Key Takeaway
Saint Matthews Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Saint Matthews Township, NC
How much do homes in Saint Matthews Township, NC cost?
Median Sold Price
$370,000
$199/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Saint Matthews Township have sold for 1.5% more than they did a year ago.
Summary: The median home sold price in Saint Matthews Township was $370,000 in May 2024, up 1.5% from last year, and the median price per square foot was $199.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $130K | $125K | -3.8% |
| 2 Bedrooms | $255K | $265K | +3.9% |
| 3 Bedrooms | $338.1K | $345K | +2.0% |
| 4 Bedrooms | $420K | $429.9K | +2.4% |
| 5+ Bedrooms | $506.5K | $556.4K | +9.9% |
Summary: Saint Matthews Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.8%, 2 bedroom homes increased by 3.9%, 3 bedroom homes increased by 2%, 4 bedroom homes increased by 2.4%, and 5+ bedroom homes increased by 9.9%.
Median Sold Price Compared To Nearby Cities
| Knightdale | $372.1K | $390K | +4.8% |
| Raleigh | $413.5K | $432.2K | +4.5% |
| Neuse Township | $386K | $400K | +3.6% |
| Saint Matthews Township | $364.6K | $370K | +1.5% |
| Marks Creek Township | $403K | $401K | -0.5% |
Housing Supply in Saint Matthews Township, NC
How many homes are available in Saint Matthews Township, NC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 299 | 291 | -2.7% |
Summary: The Saint Matthews Township real estate market had 291 homes for sale in May 2024, a 2.7% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 24 | 17 | -29.2% |
| 3 Bedrooms | 169 | 165 | -2.4% |
| 4 Bedrooms | 77 | 73 | -5.2% |
| 5+ Bedrooms | 28 | 35 | +25.0% |
Summary: The Saint Matthews Township 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 29.2%, 3 bedroom homes decreased by 2.4%, 4 bedroom homes decreased by 5.2%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 93 | 69 | -25.8% |
Asking Price vs. Sold Price
29 Homes Were Sold
Under Asking
22 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Saint Matthews Township, you may be able to get a good deal. 42% of homes here sold below asking price last month.
Summary: A total of 69 homes were sold or pending in Saint Matthews Township in May 2024, down by 25.8% month-over-month. Of the 69 sold homes, 42% were sold under asking, 32% were sold at asking, and 26% were sold over asking.
Days on Market for Saint Matthews Township, NC
How long does it take to sell a home in Saint Matthews Township, NC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 70 Days | 23 Days | -66.1% |
Summary: Homes in Saint Matthews Township had an average of 23 days on market in May 2024, down by 66.1% compared to last year.
Breakdown of Home Sale Times
49 Homes Were Sold
Under 30 Days
17 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Saint Matthews Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 69 homes were sold in Saint Matthews Township; 71% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
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