$3,150,000
7,377 SqFt
5 Beds
•6 Full Baths, 2 Partial
Listing Office: EXP Realty LLC
Is Weddington, 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, Weddington has remained a Seller's Market.
Key Takeaway
Weddington is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Weddington, NC
How much do homes in Weddington, NC cost?
Median Sold Price
$1,188,000
$274/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$267,000(+29.0%)
Key Takeaway
Homes in Weddington have sold for 29% more than they did a year ago.
Summary: The median home sold price in Weddington was $1,188,000 in October 2024, up 29% from last year, and the median price per square foot was $274.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $1.2M | - | N/A |
| 2 Bedrooms | $950K | - | N/A |
| 3 Bedrooms | $582.5K | $655K | +12.4% |
| 4 Bedrooms | $815K | $1.0M | +26.8% |
| 5+ Bedrooms | $1.3M | $1.4M | +7.9% |
Summary: Weddington 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 did not change, 3 bedroom homes increased by 12.4%, 4 bedroom homes increased by 26.8%, and 5+ bedroom homes increased by 7.9%.
Median Sold Price Compared To Nearby Cities
| Weddington | $921K | $1.1M | +29.0% |
| Wesley Chapel | $575K | $675K | +17.4% |
| Sandy Ridge Township | $750.5K | $802.7K | +7.0% |
| Matthews | $501K | $535.2K | +6.8% |
| Marvin | $1.1M | $1.1M | +3.3% |
Housing Supply in Weddington, NC
How many homes are available in Weddington, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 35 | 45 | +28.6% |
Summary: The Weddington real estate market had 45 homes for sale in October 2024, a 28.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 8 | 8 | 0.0% |
| 4 Bedrooms | 15 | 19 | +26.7% |
| 5+ Bedrooms | 12 | 18 | +50.0% |
Summary: The Weddington 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 26.7%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 9 | +350.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Weddington, you could pay more than the asking price. 55.6% of homes here sold above asking price last month.
Summary: A total of 9 homes were sold or pending in Weddington in October 2024, up by 350.0% month-over-month. Of the 9 sold homes, 44% were sold under asking, 0% were sold at asking, and 56% were sold over asking.
Days on Market for Weddington, NC
How long does it take to sell a home in Weddington, NC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 33 Days | 35 Days | +5.7% |
Summary: Homes in Weddington had an average of 35 days on market in Oct 2024, up by 5.7% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Weddington are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 9 homes were sold in Weddington; 67% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.
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