Matthews, NC (28105 Zip Code) Housing Market Update:
Latest news on the Matthews real estate market and what it means for you...
Matthews remained a seller’s market in February 2020 with the months supply of inventory remaining razor-thin at 1.4 months (down 44% year-over-year from 2.5 months). Inventory was down 34.2%, as were new listings, which were down 3.9% in February versus the same month one year ago.
Average sale prices of homes increased 5.5% year-over-year to $331,862, while median home sale prices increased 5.9% to $306,000 year-over-year. Price per square foot increased 10.8% year-over-year to $144/square foot (up $14/square foot).
Average days on market were 48, up 8 days from one year ago, while median days on market increased by 15 days to 28 days versus one year ago.
Closed sales and pending sales increased. Closed sales increased 10.6% and pending sales increased 54.2% year-over-year.
With homes selling at 97.2% of asking price, buyers should expect minimal room to negotiate.
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Matthews (28105 Zip Code) Housing Market Highlights:
February 2020 versus February 2019
It continues to be a seller's market in Matthews and the 28105 zip code 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 #11 best suburb in North Carolina to live in? So why not...
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Median Home Sale Price Trends For Matthews Homes
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This Charlotte, North Carolina real estate monthly update for Matthews, NC is provided by Nina Hollander and Carolinas Realty Partners, Coldwell Banker Residential Brokerage, your Charlotte metro area residential real estate experts and Matthews specialists, opening doors for Matthews home buyers and sellers for 20+ years.
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