$96,000
Land
Listing Office: Coldwell Banker Realty
Is Waxhaw, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$739,839
$232/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$64,839(+9.6%)
Key Takeaway
Homes in Waxhaw have sold for 9.6% more than they did a year ago.
Summary: The median home sold price in Waxhaw was $739,839 in November 2024, up 9.6% from last year, and the median price per square foot was $232.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $380K | N/A |
| 2 Bedrooms | $310K | $455K | +46.8% |
| 3 Bedrooms | $435K | $445K | +2.3% |
| 4 Bedrooms | $650K | $690K | +6.2% |
| 5+ Bedrooms | $826K | $900K | +9.0% |
Summary: Waxhaw housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 46.8%, 3 bedroom homes increased by 2.3%, 4 bedroom homes increased by 6.2%, and 5+ bedroom homes increased by 9%.
Median Sold Price Compared To Nearby Cities
| Wesley Chapel | $592.4K | $675K | +13.9% |
| Jackson Township | $487K | $539.2K | +10.7% |
| Waxhaw | $675K | $739.8K | +9.6% |
| Marvin | $1.1M | $1.1M | +4.5% |
| Mineral Springs | $439.5K | $407.2K | -7.3% |
Housing Supply in Waxhaw, NC
How many homes are available in Waxhaw, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 282 | 249 | -11.7% |
Summary: The Waxhaw real estate market had 249 homes for sale in November 2024, a 11.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 8 | 9 | +12.5% |
| 3 Bedrooms | 84 | 73 | -13.1% |
| 4 Bedrooms | 90 | 79 | -12.2% |
| 5+ Bedrooms | 100 | 88 | -12.0% |
Summary: The Waxhaw housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 12.5%, 3 bedroom homes decreased by 13.1%, 4 bedroom homes decreased by 12.2%, and 5+ bedroom homes decreased by 12%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 69 | 54 | -21.7% |
Asking Price vs. Sold Price
28 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Waxhaw, you may be able to get a good deal. 51.9% of homes here sold below asking price last month.
Summary: A total of 54 homes were sold or pending in Waxhaw in November 2024, down by 21.7% month-over-month. Of the 54 sold homes, 52% were sold under asking, 20% were sold at asking, and 28% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 25 Days | 32 Days | +30.4% |
Summary: Homes in Waxhaw had an average of 32 days on market in Nov 2024, up by 30.4% compared to last year.
Breakdown of Home Sale Times
32 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
4 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 November 2024, 54 homes were sold in Waxhaw; 59% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
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