Is Matthews Township, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Matthews Township is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Matthews Township has remained a Seller's Market.

Key Takeaway

Matthews Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Matthews Township, NC

How much do homes in Matthews Township, NC cost?

Median Sold Price

$532,812

$232/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$28,731(+5.7%)

Key Takeaway

Homes in Matthews Township have sold for 5.7% more than they did a year ago.

Summary: The median home sold price in Matthews Township was $532,812 in October 2024, up 5.7% from last year, and the median price per square foot was $232.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $1.2M-
N/A
2 $310K$335K
+8.1%
3 $380.3K$405K
+6.5%
4 $595K$605K
+1.7%
5+ $783K$935K
+19.4%

Summary: Matthews Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 8.1%, 3 bedroom homes increased by 6.5%, 4 bedroom homes increased by 1.7%, and 5+ bedroom homes increased by 19.4%.

Median Sold Price Compared To Nearby Cities

Matthews Township
+5.7%
Siler City
+1.4%
Columbia Township
0.0%

Housing Supply in Matthews Township, NC

How many homes are available in Matthews Township, NC?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
324344+6.2%

Summary: The Matthews Township real estate market had 344 homes for sale in October 2024, a 6.2% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 2625
-3.8%
3 140150
+7.1%
4 102108
+5.9%
5+ 5661
+8.9%

Summary: The Matthews Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 3.8%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes increased by 8.9%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
6862-8.8%

Asking Price vs. Sold Price

30 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

23 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Matthews Township, you may be able to get a good deal. 48.4% of homes here sold below asking price last month.

Summary: A total of 62 homes were sold or pending in Matthews Township in October 2024, down by 8.8% month-over-month. Of the 62 sold homes, 48% were sold under asking, 15% were sold at asking, and 37% were sold over asking.

Days on Market for Matthews Township, NC

How long does it take to sell a home in Matthews Township, NC?

Average Sale Time

Oct 2023Oct 2024CHANGE
30 Days22 Days-28.3%

Summary: Homes in Matthews Township had an average of 22 days on market in Oct 2024, down by 28.3% compared to last year.

Breakdown of Home Sale Times

45 Homes Were Sold
Under 30 Days

15 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Matthews Township are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 62 homes were sold in Matthews Township; 73% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

Newest Listings in Matthews Township, NC

Nearby Markets to Matthews Township, NC

What housing markets are near Matthews Township, NC?