Matthews (28105 Zip Code) Homes Sold In Just 9 Days In December 2021

By
Real Estate Agent with Coldwell Banker Realty

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

 

 Matthews (28105 Zip Code) Housing Market Highlights:

December 2021 versus December 2020

Matthews, NC (28105 Zip Code) Real Estate Report For December 2021

 

Matthews housing market continued to see low inventory with the months supply of inventory just barely over one-half month at 0.6 months (down 25% year-over-year from 0.8 months in December 2020 and down from 1.8 months in December 2019). The months supply of inventory also dropped month-over-month. 

 

However you "slice it," Matthews has been a home seller's market for at least three years now. Inventory of homes was down 30.5% year-over-year, despite an increase in new listings of homes of 34.5% year-over-year. 

 

Average sale prices of homes increased 21.9% year-over-year to $412,415. Median home sale prices increased 22.5% to $395,000 year-over-year. Average home prices have increased about $77,000 as compared with December 2019. Median home prices have increased almost $107,000 compared with December 2019.  Price per square foot increased 22.4% year-over-year to $191/square foot. 

 

Average days on market were 9 days, down 47.1% from 17 days in the same time period one year ago and from 41 days in November 2019. Average days on market were also down 2 days month-over-month.  Median days on market were just 4 days, down 20% year-over-year and down 10 days compared with December 2019.

 

Closed sales decreased 5.3% year-over-year.  Pending sales increased 23.5% year-over-year. No doubt the increase in new listings helped pending sales increase. With the ongoing lack of inventory, however, it's no surprise that closed 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 100% of asking price, 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.

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

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MORE INFORMATION ON THE MATTHEWS HOUSING MARKET'S PERFORMANCE

 

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

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

 

WONDERING WHAT YOUR MATTHEWS, NC HOME IS WORTH?

 

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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 (14)

Myrl Jeffcoat
Sacramento, CA
Greater Sacramento Realtor - Retired

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

Jan 15, 2022 06:33 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Myrl Jeffcoat good Saturday morning, Myrl... thanks for stopping by. We are on a snow storm watch here in Charlotte for late this evening.

Jan 15, 2022 07:10 AM
Ed Silva
Mapleridge Realty, CT 203-206-0754 - Waterbury, CT
Central CT Real Estate Broker Serving all equally

The values are there and the inventory isn't, so sellers get to appreciate additional profit, and buyers are just grateful for wining their bid

Jan 15, 2022 07:11 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Ed Silva good morning, Ed... when homes sell this quickly you know the demand is there and then some!

Jan 15, 2022 07:13 AM
Ray Henson
eXp Realty of California, Inc. (lic. #01878277) - Elk Grove, CA
Realtor

2021, What a remarkable year!  Thank you for your market update and have a wonderful weekend.  Remember, the Raiders play today!!!

Jan 15, 2022 08:34 AM
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Hi Nina - some people think they can list without doing anything with this sellers market.  They won't get those prices if not move in ready.

Jan 15, 2022 08:51 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Raymond Henson, eXp Realty hi Ray... what a year is right! Actually, when you think about two years! Wishing you a great weekend, as well. We are waiting on a snow storm here in Charlotte.

Jan 15, 2022 09:04 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Grant Schneider hi Grant... that's a point I've been making to all my seller clients for several years now... it doesn't matter how hot the market is. If they want a premium price they need to stage right, price right, and market right.

Jan 15, 2022 09:05 AM
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Nina that is amazing.  Just an average 9 days on the market is crazy.

Jan 15, 2022 09:16 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

George Souto hi George... 9 days is bonkers! And it's a lot of pressure on home buyers to make really quick decisions about a big financial investment.

Jan 15, 2022 09:20 AM
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

As usual Nina, you have shared a wonderful report on Matthews Homes.  You are on snow watch, and we are on a tsunami watch.  A

Jan 15, 2022 10:27 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Ron and Alexandra Seigel hi Alexandra... I just saw that report on a possible tsusnami for Hawaii and the west coast. Hopefully, it will prove to be a non-event.

Jan 15, 2022 11:20 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, 9 days on market and 100% to list speaks loudly on the demand for this neighborhood.

Jan 15, 2022 05:07 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Joan Cox hi Joan... Matthews has always been popular for its affordability (quickly diminishing) and its location which puts it in easy distance of much of the Charlotte area.

Jan 16, 2022 05:49 AM