Matthews, NC (28015 Zip Code) A Home Seller's Market In September 2021

By
Real Estate Agent with Coldwell Banker Realty

 

Latest news on the Matthews (28105 zip code) real estate market in September 2021 and what it means for you...  

Matthews housing market continues to see extremely low inventory with the months supply of inventory very thin at 0.7 months (down 50% year-over-year from 1.4 months in September 2020 and down from 2.2 months in September 2019). The months supply is also down 0.1 month versus August 2021. However you "slice it," Matthews has been a home seller's market for at least three years now. Inventory of homes was down 49% year-over-year. New home listings decreased 31.6% year-over-year. 

 

Average sale prices of homes increased 19.3% year-over-year to $431,752. Matthews home prices have increased almost $130,000, on average, compared with September 2019. Median home sale prices increased 23.1% to $400,000 year-over-year. Median home prices are $115,000 higher in September 2021 than they were in August 2019. Price per square foot increased 24.7% year-over-year to $187/square foot (up $37/square foot). The price per square foot is a new record for Matthews homes.

 

Average days on market were 19 days, down 40.6% from 32 days in the same time period one year ago and 40 days ago in September 2019.  Median days on market were flat at 4 days versus one year ago and 17 days from September 2019.  

 

Closed sales decreased 9.2% year-over-year.  Pending sales decreased 24.7% year-over-year. With the lack of inventory and new listings, it's no surprise that sales were down. There is also the question of how many prospective buyers are now priced out of the Matthews housing market due to home prices that have continued to increase by double digits.

 

With a median selling price of 102.1% of asking price (up 2.1% over September 2020), Matthews home 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?

Curious about the Charlotte area real estate market? Call Nina Hollander.

   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:

September 2021 versus September 2020

Matthews, NC (28105 Zip Code) Real Estate Report September 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 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 why experience matters and 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
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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 (22)

Kathy Streib
Room Service Home Staging - Delray Beach, FL
Home Stager - Palm Beach County,FL -561-914-6224

Hi Nina- your market reports are always so thorough and easy to read!!!  

Oct 13, 2021 11:04 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

Any home buyer who is looking to purchase in Matthews Nina, needs to make quick decisions and be ready to buy. With it's strong market, there's little or no room to negotiate!

Oct 13, 2021 11:08 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, seeing a 19.3% increase in home values over last year is huge, sellers are so lucky.

Oct 13, 2021 12:00 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Kathy Streib hi Kathy... that's what I'm aiming for... easy to read and understand. Most people don't do well with dense writing about numbers.

Oct 13, 2021 12:41 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400 hi Sheila... I keep telling buyers that the asking price is nothing more than a suggested "starting" price and that in many cases if they start at that price they won't get any further.

Oct 13, 2021 12:41 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Joan Cox hi Joan... Matthews home prices have just exploded over the past few years. It was always considered one of the most affordable areas in Charlotte region and that is quickly going away.

Oct 13, 2021 12:42 PM
Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

You are number one when it comes to market reports. I never have questions when I leave your blog posts. Thank you for sharing Nina Hollander, Broker 

Oct 13, 2021 03:46 PM
Bob Crane
Woodland Management Service / Woodland Real Estate, EXP - Stevens Point, WI
Forestland Experts! 715-204-9671

Hi Nina,
Thank you for sharing this real estate market report.  Buyers and sellers in your area will benefit from this report.
Wishing you continued success.
Bob

Oct 13, 2021 08:59 PM
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Nina, love your market report, but in all fairness when I see the name Matthews I think of the Bible:)Endre

Oct 13, 2021 11:27 PM
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Hi Nina - those with growing families who want to move up will have a great profit but will need to have a plan to land a larger home.

Oct 14, 2021 03:27 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Paul S. Henderson, REALTOR®, CRS good morning, Paul... what can I say to that wonderful comment except now my work here is done!

Oct 14, 2021 04:36 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Endre Barath, Jr. hi Endre... all I know is that the town of Matthews was named after an Edward Matthews in 1879, who was a director of the Central Carolina Railroad, which built the first train stop in the town we now know as Matthews in 1874.

Oct 14, 2021 04:40 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Grant Schneider good morning, Grant... and that is totally the crux of the matter... with so few listings home prices are rising and homeowners can't find a new or larger home... so they don't sell to get their equity out.

Oct 14, 2021 04:41 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Bob Crane good morning, Bob... as always, thanks much for taking time to pop by... wishing you a stellar rest of the week.

Oct 14, 2021 04:42 AM
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Nina I loved the explanation, something James Dray  could have used in his posts:)Endre

Oct 14, 2021 08:58 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Endre Barath, Jr. hi Endre... I've learned all sorts of interesting tidbits about the history of names behind the many towns in the Charlotte region over the years.

Oct 14, 2021 09:19 AM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Hi Nina:

This Matthews NC market report certainly paints a picture of how competitive the housing market is and how it has changed. Clearly it's a time for buyer to get great advice from you so they can compete successfully!

Jeff

Oct 14, 2021 11:13 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Jeff Dowler, CRS hi Jeff... this past year it was stressful working with buyers, I really concentrated as much of my business as I could on sellers.

Oct 14, 2021 01:17 PM
Myrl Jeffcoat
Sacramento, CA
Greater Sacramento Realtor - Retired

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

Oct 14, 2021 03:49 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Myrl Jeffcoat hi Myrl... although Matthews' reputation has always been for affordable homes, it seems no matter how high prices rise, people are still buying homes in Matthews.

Oct 15, 2021 04:26 AM