Matthews, NC (28105 Zip Code) Housing Market Update: March 2021

By
Real Estate Agent with Coldwell Banker Realty

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

 

Matthews housing market continues to see extremely low inventory with the months supply of inventory razor-thin at 0.5 months (down 72.2% year-over-year from 1.8 months year-over-year). Inventory of homes was down 69.1% year-over-year. New home listings decreased 25.9% year-over-year. Matthews homes sold in under three weeks, on average.

 

Average sale prices of homes increased 18.4% year-over-year to $387,863. Median home sale prices increased 11.8% to $312,000 year-over-year. On a month-over-month basis, the average sale price of a home sold in Matthews increased by $20,000. The median sale price increased almost $30,000.  Price per square foot increased 10.8% year-over-year to $164/square foot (up $16/square foot).

 

Average days on market were 17, down 9 days from the same time period one year ago. Days on market were also down 8 days from the prior month.  Median days on market decreased 4 days to 3 days versus one year ago. Matthews homes sold almost as quickly as they came on the market in March 2021.

 

Closed sales increased 16.7% year-over-year.  Pending sales increased a scant 4.4% year-over-year. No doubt, the small increase in pending sales was due to lack of inventory and not due to a lack of buyer demand.

 

With a median selling price of 102.3% of asking price (up 3.4% over March 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.

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MORE INFORMATION ON THE MATTHEWS HOUSING MARKET'S PERFORMANCE

 

 Matthews (28105 Zip Code) Housing Market Highlights:

March 2021 versus March 2020

 Matthews NC (28105 Zip Code) Housing Market Snapshot: March 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.

 

  This same lack of inventory coupled with continued buyer demand for homes in Matthews assures home sellers of a quick sale at top dollar and minimal sales contingencies.  

 

 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 8 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 Charlotte metro 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 post 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 (12)

Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

Good morning Nina Hollander, Broker , I find it interesting that your days on the market, in Matthews, has gone down by nine days from the same time Last year...

May 01, 2021 10:48 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, another area in Charlotte that is a HOT commodity, 9 days is so low!  

May 01, 2021 11:29 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Paul S. Henderson, REALTOR®, CRS hi Paul... it's a feeding frenzy in our market. I think soon we will count our DOM in hours and not in days. :)

May 01, 2021 02:58 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Joan Cox Matthews is a very popular town, Joan, and still relatively affordable... so demand really outpaces supply.

May 01, 2021 02:58 PM
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Nina,

I almost missed commenting on your post.  We both slept in for a change and then went out for breakfast/brunch.  Nice report on Matthew, and like others have said 9 days is something.  A

May 01, 2021 03:40 PM
Ed Silva
Mapleridge Realty, CT 203-206-0754 - Waterbury, CT
Central CT Real Estate Broker Serving all equally

You placed a teaser of humor in the market report.  Buyers anticipating an opportunity to negotiate

May 01, 2021 07:13 PM
Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

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

May 02, 2021 03:14 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Ron and Alexandra Seigel hi Alexandra... what I wouldn't give to sleep in. Between the pain in my knees and my hip I haven't slept decently for over 8 months. And it will be a few months before I manage to find time in my schedule for my hip replacement... so no sleeping in for a while longer.

May 02, 2021 04:26 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Ed Silva good morning, Ed... despite all the headlines that homes are selling fast, for top dollar, with multiple offers I still have people asking how much they can offer below the asking price. 

May 02, 2021 04:27 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Myrl Jeffcoat good morning, Myrl... thanks for stopping by... wishing you a really lovely Sunday ahead.

May 02, 2021 04:28 AM
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Good Sunday morning, Nina.

Take care, be safe and have a great day.

May 02, 2021 04:47 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Thanks, as always, Roy, for stopping by. Wishing you a lovely Sunday, as well.

May 02, 2021 05:05 AM