$10,000 Closing Credit*
$975,000
4,101 SqFt
5 Beds
•4 Full Baths
Listing Office: Allen Tate Charlotte South
Is Weddington, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Weddington was a Seller's Market.
Key Takeaway
Weddington is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
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 November 2023
+$263,500(+28.5%)
Key Takeaway
Homes in Weddington have sold for 28.5% more than they did a year ago.
Summary: The median home sold price in Weddington was $1,188,000 in November 2024, up 28.5% from last year, and the median price per square foot was $274.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $1.2M | - | N/A |
| 2 Bedrooms | $950K | - | N/A |
| 3 Bedrooms | $575K | $693K | +20.5% |
| 4 Bedrooms | $808K | $1.0M | +23.8% |
| 5+ Bedrooms | $1.3M | $1.3M | +4.9% |
Summary: Weddington 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 did not change, 3 bedroom homes increased by 20.5%, 4 bedroom homes increased by 23.8%, and 5+ bedroom homes increased by 4.9%.
Median Sold Price Compared To Nearby Cities
| Weddington | $924.5K | $1.1M | +28.5% |
| Wesley Chapel | $592.4K | $675K | +13.9% |
| Sandy Ridge Township | $755.7K | $801.3K | +6.0% |
| Matthews | $506.2K | $535K | +5.7% |
| Marvin | $1.1M | $1.1M | +4.5% |
Housing Supply in Weddington, NC
How many homes are available in Weddington, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 40 | 44 | +10.0% |
Summary: The Weddington real estate market had 44 homes for sale in November 2024, a 10.0% increase 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 | 0 | 1 | +100.0% |
| 3 Bedrooms | 9 | 10 | +11.1% |
| 4 Bedrooms | 15 | 11 | -26.7% |
| 5+ Bedrooms | 16 | 22 | +37.5% |
Summary: The Weddington 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 100%, 3 bedroom homes increased by 11.1%, 4 bedroom homes decreased by 26.7%, and 5+ bedroom homes increased by 37.5%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 9 | 5 | -44.4% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Weddington, expect to pay close to the asking price. 60% of homes here sold near the asking price last month.
Summary: A total of 5 homes were sold or pending in Weddington in November 2024, down by 44.4% month-over-month. Of the 5 sold homes, 20% were sold under asking, 60% were sold at asking, and 20% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 26 Days | 19 Days | -26.2% |
Summary: Homes in Weddington had an average of 19 days on market in Nov 2024, down by 26.2% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 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 November 2024, 5 homes were sold in Weddington; 60% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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