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Matthews (28105 Zip Code) Housing Market Report: January 2021

By
Real Estate Agent with Coldwell Banker Realty 179530

 

 

Latest news on Matthews' (28105 zip code) real estate market in January and what it means for you...  

 

 

Matthews housing market continues to see extremely low inventory with the months supply of inventory razor-thin at 0.6 months (down 64.7% year-over-year from 1.7 months year-over-year). Inventory of homes was down 64.3% year-over-year. New listings decreased 15.3% year-over-year and homes sold in under one month, on average.  

 

 

Average sale prices of homes increased 30.6% year-over-year to $352,672, while median home sale prices increased 26.3% to $341,713 year-over-year.  Price per square foot increased 9.4% year-over-year to $151/square foot (up $13/square foot).

 

 

Average days on market were 29, down 10 days from the same time period one year ago.  Median days on market decreased 6 days to 10 days versus one year ago. Clearly, Matthews homes sold almost as quickly as they came on the market in January 2021.

 

 

Closed sales decreased 13.8% year-over-year.  Pending sales increased a scant 1.9% year-over-year. No doubt, this was due to lack of inventory and not due to a lack of buyer demand.

 

 

With a median selling price of 100% of asking price (up 2.2% over January 2020), buyers should expect minimal to no room to negotiate.

   

 

 

Want to know what this would mean for your family if you decide to buy or sell a Matthews home?

 

We can help. Call us today at 704-779-0813 or contact us here.

 

There’s absolutely NO OBLIGATION. A consultation with Carolinas Realty Partners is FREE  

 

 

 

MORE INFORMATION ON THE MATTHEWS HOUSING MARKET'S PERFORMANCE

 

 

 

 Matthews (28105 Zip Code) Housing Market Highlights:

January 2021 versus January 2020

 

 

  Matthews (28105 Zip Code) Real Estate Update January 2021

      

 

 

Lack of inventory continues to keep Matthews and the 28105 zip code a home seller's market and a very competitive environment for affordable homes for home buyers in Matthews, North Carolina.

 

 

 Did you know Matthews, North Carolina was ranked as the #5 best Charlotte suburb to live in and the #11 best suburb in North Carolina to live in? So why not...

 

 CHECK OUT 7 OF THE HOTTEST NEIGHBORHOODS IN MATTHEWS 

 

 

Hot Matthews, NC Neighborhoods

   

 

SEARCH ALL MATTHEWS, NC AREA HOMES FOR SALE

   

 

 

 FREE Home Buyer Guide: “Things To Consider When Buying A Home”

 

 

WONDERING WHAT YOUR MATTHEWS, NC HOME IS WORTH?

 

What's My Home Worth?

 

FREE Home Seller Guide: “Things To Consider When Selling Your House”

 

 

THINKING OF SELLING YOUR HOME? CHECK OUT THE COLDWELL BANKER MARKETING ADVANTAGE 

   

 

Median Home Sale Price Trends For Matthews Homes

 

 

 

 

This Charlotte, North Carolina real estate monthly update for Matthews, NC is provided by Nina Hollander and Carolinas Realty Partners, Coldwell Banker Realty,  your Greater Charlotte area residential real estate experts and Matthews specialists. We've been opening doors for Matthews home buyers and sellers for 20+ years.

 

 If you're considering selling or purchasing a home in Matthews or anywhere in the Charlotte metro area, I'd love an opportunity to earn your business, to exceed your expectations, and to show you how:

"The Right Broker Makes All The Difference."

   

 

 

Read the original article at www.GreatHomesInCharlotte.com 

Posted by

 

 Nina Hollander, RE/MAX Broker, Realtor

 

 

 

Broker, Realtor, MBA, GRI, ABR, SRES, CDPE, SFR, SPS, CMRS
Carolinas Realty Partners with Coldwell Banker Realty
Direct: 704-779-0813
Website: www.GreatHomesInCharlotte.com
Blog: News You Can Use From The Greater Charlotte Area
Search For All Charlotte Area Homes: www.GreatHomesInCharlotte.com 

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Disclaimer:  Nothing in this blog article is to be construed as legal advice, tax advice, or financial advice.  For legal advice see an attorney.   For tax advice or financial advice see a tax attorney, certified public accountant, or other qualified professional.

 

Comments (14)

Roy Kelley
Retired - Gaithersburg, MD

Thank you very much, Nina, for sharing your outstanding local real estate reports.

Feb 16, 2021 04:32 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Good morning, Roy Kelley Thanks, as always, for stopping by. Hope you are doing well and that the bad weather in your area has passed on.

Feb 16, 2021 04:59 AM
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Hi Nina Hollander - I am sure that much of the hesitation with sellers would be that they won't be able to find a replacement.

Feb 16, 2021 05:20 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Grant Schneider bingo, Grant! You got that right. It's like a viscious cycle now.

Feb 16, 2021 05:34 AM
Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400
The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803 - Plainview, NY
Long Island Condo and Home Specialists

Nice to read that the average sales prices of homes in Matthews has increased Nina. Now. let's get those sellers to call you and get SOLD!

Feb 16, 2021 05:53 AM
Rocky Dickerson
Realty One Group - Las Vegas, NV
Superior Service!

Good morning Nina Hollander thank you for your market report. AN excellent blend of details and easy to understand graphics.

Feb 16, 2021 06:27 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Nina, one day I sure hope we start seeing an increase of listings, so buyers won't be so stressed.

Feb 16, 2021 07:18 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400 hi Sheila... for sellers, yes, it's nice home prices are going up. But for an area like Matthews, which has always been known for affordability, that affordability for buyers is going down.

Feb 16, 2021 08:19 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Rocky Dickerson thank you, Rocky. As I've often said... once you have your market report template in place, it's easy to "fill in the blanks" each month.

Feb 16, 2021 08:20 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Joan Cox hi Joan... I've never seen anything like this in terms of inventory... and wouldn't even begin to venture a guess as to when it will turn around.

Feb 16, 2021 08:21 AM
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate Services

Hello Nina,  Thank you for sharing the Matthews (28105 Zip Code) market report. Easy to read and full of relevant information. 

Feb 16, 2021 08:48 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Kathleen Daniels, Probate & Trust Specialist thanks, Kathleen... that's what I'm always aiming for... easy to read and easy to understand.

Feb 16, 2021 08:54 AM
Myrl Jeffcoat
Sacramento, CA
Greater Sacramento Realtor - Retired

Matthews home buyers and sellers are sure to value your real estate market report, Nina.

Feb 16, 2021 11:03 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Myrl Jeffcoat good Wednesday morning, Myrl... thanks for stopping by... wishing you a wonderful day.

Feb 17, 2021 04:16 AM