$100,000
Land
Listing Office: EXP Realty LLC Rock Hill
Is Waxhaw, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$740,041
$231/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$67,921(+10.1%)
Key Takeaway
Homes in Waxhaw have sold for 10.1% more than they did a year ago.
Summary: The median home sold price in Waxhaw was $740,041 in October 2024, up 10.1% from last year, and the median price per square foot was $231.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $380K | N/A |
| 2 Bedrooms | $359.9K | $366K | +1.7% |
| 3 Bedrooms | $443.4K | $430K | -3.0% |
| 4 Bedrooms | $626K | $700K | +11.8% |
| 5+ Bedrooms | $825K | $900K | +9.1% |
Summary: Waxhaw 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 1.7%, 3 bedroom homes decreased by 3%, 4 bedroom homes increased by 11.8%, and 5+ bedroom homes increased by 9.1%.
Median Sold Price Compared To Nearby Cities
| Wesley Chapel | $575K | $675K | +17.4% |
| Jackson Township | $487K | $540K | +10.9% |
| Waxhaw | $672.1K | $740K | +10.1% |
| Marvin | $1.1M | $1.1M | +3.3% |
| Mineral Springs | $517K | $410.7K | -20.6% |
Housing Supply in Waxhaw, NC
How many homes are available in Waxhaw, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 281 | 287 | +2.1% |
Summary: The Waxhaw real estate market had 287 homes for sale in October 2024, a 2.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 11 | 8 | -27.3% |
| 3 Bedrooms | 78 | 82 | +5.1% |
| 4 Bedrooms | 87 | 91 | +4.6% |
| 5+ Bedrooms | 104 | 106 | +1.9% |
Summary: The Waxhaw housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 27.3%, 3 bedroom homes increased by 5.1%, 4 bedroom homes increased by 4.6%, and 5+ bedroom homes increased by 1.9%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 54 | 66 | +22.2% |
Asking Price vs. Sold Price
50 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Waxhaw, you may be able to get a good deal. 75.8% of homes here sold below asking price last month.
Summary: A total of 66 homes were sold or pending in Waxhaw in October 2024, up by 22.2% month-over-month. Of the 66 sold homes, 76% were sold under asking, 12% were sold at asking, and 12% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 18 Days | 33 Days | +82.1% |
Summary: Homes in Waxhaw had an average of 33 days on market in Oct 2024, up by 82.1% compared to last year.
Breakdown of Home Sale Times
40 Homes Were Sold
Under 30 Days
19 Homes Were Sold
In 30 - 90 Days
6 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 October 2024, 66 homes were sold in Waxhaw; 61% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
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Copyright © 2024 Triad Multiple Listing Service, Inc. All rights reserved. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. This site will be monitored for ‘scraping’ and any use of search facilities of data on the site other than by potential buyers/sellers is prohibited. All Sale data is for informational purposes only and is not an indication of a market analysis or appraisal. Properties marked with the Triad MLS, Inc. icon are provided courtesy of the Triad MLS, Inc.’s, Internet Data Exchange Database.