Matthews, NC March 2022 Home Inventory Down 50%, Home Prices Up 33.5%

By
Real Estate Agent with Coldwell Banker Realty

Latest news on the Matthews, NC (28105 zip code) real estate market in March 2022 and what it means for you...  

 

Matthews housing market continued to see low inventory with the months supply of inventory just under one-half month at 0.4 months (down 50% year-over-year from 0.8 months in March 2021 and down from 1.8 months in March 2020). However you "slice it," Matthews has now been a home seller's market for more than three years. Inventory of homes was down 46.3% year-over-year, further exacerbated by no increase in new listings.

 

 Matthews (28105 Zip Code) Housing Market Highlights:

March 2022 versus March 2021

 

Matthews, NC (28105 Zip Code) Housing Market Report For March 2022

 

Average sale prices of homes in Matthews increased 33.5% year-over-year to $516,430. Average sale price was up month-over-month and and is almost $189,000 higher than in 2020. Median home sale prices increased 19.1% to $405,000 year-over-year and was also higher month-over-month.  Price per square foot increased 25.2% year-over-year to $204/square foot from $163/square foot in March 2021.

 

Average days on market were 19 days, up 1 day compared with the same time period one year ago.  Median days on market were just 3 days, flat year-over-year.

 

Closed sales decreased 33.8% year-over-year.  Pending sales increased 3% year-over-year (equivalent to two homes). There remains 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. Lack of inventory will continue to stymie home sales.

 

With a median selling price of 103% of asking price (up 0.6% year-over-year), 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.

There’s absolutely NO OBLIGATION

A consultation with Carolinas Realty Partners is FREE. 

 

MORE INFORMATION ON THE MATTHEWS HOUSING MARKET'S PERFORMANCE

 

 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 SELLING NEIGHBORHOODS IN MATTHEWS 

 

Hot Matthews, NC (28105 Zip Code) Neighborhoods To Watch In 2022

 

SEARCH ALL MATTHEWS, NC AREA HOMES FOR SALE

Get the properties you want delivered directly to your email by greathomesincharlotte.com

 

 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 Greater Charlotte 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
Website: www.GreatHomesInCharlotte.com
Blog: News You Can Use From The Greater Charlotte Area
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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 (20)

Eric Bouler
Gardner Realtors, Licensed in La. - New Orleans, LA
Listening to your Needs

Good morning to see your blog. Have a great week. May will be here soon.

Apr 27, 2022 05:58 AM
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Hi Nina - your market reports are among the best that I see on Active Rain.

Apr 27, 2022 06:05 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Eric Bouler I was just thinking that this morning... that May is almost here and now I'm wondering how it could already be almost May! Happy Wednesday to you.

Apr 27, 2022 06:06 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Grant Schneider thank you so much, Grant! Your comment made my day, for sure!

Apr 27, 2022 06:07 AM
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

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

Apr 27, 2022 06:29 AM
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

We need inventory to go up not down, haha.  Seeing that inventory went down by that much is difficult.

Apr 27, 2022 06:30 AM
Ray Henson
eXp Realty of California, Inc. (lic. #01878277) - Elk Grove, CA
Realtor

There are few places across the country doing better than our Elk Grove area, but it is very clear that your area has us beat and it looks like it will be that way for some time yet.

Apr 27, 2022 06:52 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Brian England hi Brian... Matthews was always the "affordable" option to Charlotte. With home prices averaging over $500,000, not so much anymore. I have no doubt this is all caused by lack of supply versus demand.

Apr 27, 2022 06:59 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Raymond Henson, eXp Realty good morning, Ray... I keep hearing that mortgage applications are down... but our inventory is still critically low and with so many people still looking for homes it may be a bit of time before the market cools a bit.

Apr 27, 2022 07:01 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Thanks, Roy, for popping by. I'm sure you remember Matthews from your days in Charlotte... and I can promise you it's nothing like it was when you lived here.

Apr 27, 2022 07:02 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

I can remember reading some of your blog posts and your average prices were much lower than they are now. It's great to be a seller in Matthews!

Apr 27, 2022 07:43 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400 hi Sheila... it feels like Matthews was a mid-$300,000 town just the other day!

Apr 27, 2022 07:47 AM
Jeffrey DiMuria 321.223.6253 Waves Realty
Waves Realty - Melbourne, FL
Florida Space Coast Homes

Great market report. It looks like anyone looking to sell their home has a lottery ticket...lol

Apr 27, 2022 08:29 AM
Sheri Sperry - MCNE®
Coldwell Banker Realty - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

Hi Nina,

That low inventory is causing upward pressure on pricing for Matthews, NC.  However, your clients can depend on you to help them find the right home. There is no doubt about that.

Apr 27, 2022 08:32 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, it amazes me how your market continues like this without increasing inventory.   

Apr 27, 2022 09:01 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Joan Cox hi Joan... lack of inventory is driving prices up like mad, but sales are down.

Apr 27, 2022 09:12 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Sheri Sperry - MCNE® hi Sheri... my ability to "find" homes is being severely tested these days.

Apr 27, 2022 09:12 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Jeffrey DiMuria 321.223.6253 Waves Realty hi Jeff... these days when I update my numbers, I double and triple check them... I'm never sure they are right when I first look at them.

Apr 27, 2022 09:13 AM
Myrl Jeffcoat
Sacramento, CA
Greater Sacramento Realtor - Retired

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

Apr 27, 2022 08:37 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Myrl Jeffcoat good morning, Myrl... thanks for stopping by... hopefully you've been enjoying your week thus far.

Apr 28, 2022 04:28 AM