Record High Home Prices In Matthews (28105 Zip Code), NC: April 2022

By
Real Estate Agent with Coldwell Banker Realty

Latest news on the Matthews, NC (28105 zip code) real estate market in April 2022...

What it means for you...

What you need to know...  

 

Matthews housing market set new records in April 2022 for home prices, with average home prices increased to just under $525,000. Median home prices and per square foot prices also set new records in April 2022. While we've heard lots of talk about housing markets showing signs of slowing down and inventory gradually increasing in April to benefit home buyers, we saw NO SLOWDOWN in Charlotte's Matthews area where home prices continued to increase, inventory and new listings continued to decrease. Home sellers continued to received a substantial amount over asking price in final sale price.

 

Matthews housing market continued to see low inventory with the months supply of inventory  under one month at 0.7 months (flat year-over-year  and down from 2.0 months in April 2020). However you "slice it," Matthews has been a home seller's market for more than three years now. Inventory of homes was down 15.1% year-over-year, further exacerbated by no increase in new listings. Demand for homes in Matthews was also evident in the average 25.4 showings per home listed during April.

 

 Matthews (28105 Zip Code) Housing Market Highlights:

April 2022 versus April 2021

 

Matthews, NC (28105 Zip Code) Real Estate Update For April 2022

 

Average sale prices of homes increased 38.7% year-over-year to $524,881, setting a new high record for Matthews home prices. Average sale price was up month-over-month and and is about $214,000 higher than in 2020. Median home sale prices increased 25.7% to $450,000 year-over-year and was also $45,000 higher month-over-month. This set a new record for median home prices in Matthews. Price per square foot increased 21.2% year-over-year to $206/square foot from $170/square foot in April 2021, setting a new record for square foot prices in Matthews.

 

Average days on market were 21 days compared with 9 days in the same time period one year ago.  Median days on market were just 4 days, one day higher than in the same month one year ago.

 

Closed sales decreased 4.2% year-over-year.  Pending sales decreased 26.7% year-over-year. 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.

 

With a median selling price of 105.4% of asking price (up 2.6% year-over-year), Matthews home buyers should expect minimal to no room to negotiate. Month-over-month, the median sale price increased 2.4%.

 

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

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 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
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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 (28)

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

Great Morning. Have a great weekend. I just got up late today. 

May 14, 2022 06:40 AM
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Good Morning Nina and great information on your market to share with us here in the rain.  Make it a great day!

May 14, 2022 07:27 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Eric Bouler hi Eric... I'd love to get up late one day... somehow, my eyes are always open by 4:30am.

May 14, 2022 07:39 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Will Hamm Good morning and thank you, Will, for stopping by today. Wishing you a terrific weekend.

May 14, 2022 07:40 AM
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

This is very good information to share with families on the move.

Have a lovely weekend

May 14, 2022 09:53 AM
Myrl Jeffcoat
Sacramento, CA
Greater Sacramento Realtor - Retired

I have no idea where the current surge in higher home prices will end.  One thing for certain is it is very difficult for young folks to enter the housing market currently.  I am hoping once supply chain issues subside, that prices for building materials come down.  Hopefully, that will encourage more home building to add to the current housing inventory.

May 14, 2022 10:51 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Myrl Jeffcoat I'm with you, Myrl. We have builders cranking out homes, but... between the cost of building materials and supply chain issues they can't build them quickly enough or drop prices.

May 14, 2022 11:48 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Thanks, Roy... trust you are enjoying your weekend and maybe have some fun plans with your bride!

May 14, 2022 11:55 AM
Kathy Streib
Cypress, TX
Retired Home Stager/Redesign

HI Nina- I keep hearing from some people I know here that as much as they'd like to sell, prices and availability are stopping them. 

May 14, 2022 12:22 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Kathy Streib hi Kathy... same here... homeowners have no where to go and now homes and mortgages also cost more.

May 14, 2022 01:33 PM
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

Setting new records in the Matthews Real Estate market...that's just the news ready to sell owners want to hear!

May 14, 2022 02:07 PM
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co Notary Services retired RE Broker

Considering the robust job market in your area Nina Hollander, Broker I can not imagine things slowing down anytime soon. Our market is strong too with oil prices going higher and higher the drilling activity has picked up despite the current administrations disdain for fossil fuels.

May 14, 2022 02:27 PM
Sheri Sperry - MCNE®
Coldwell Banker Realty - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

Hi Nina,

Matthew's lack of inventory is keeping those record prices coming.  Sellers should contact you fast to get their homes on market.  Any slight change that shows more inventory can change the market dynamics quickly. Sellers need you in their corner.

May 14, 2022 02:44 PM
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Good Sunday morning, Nina.

Have a great day and an outstanding week.

May 15, 2022 04:43 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400 good morning, Sheila... people keep saying they are ready to sell but continue to sit on their hands.

May 15, 2022 06:00 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Bob "RealMan" Timm good morning, Bob... no doubt about it... influx of new jobs to the Charlotte region is causing increased demand for housing and increased shortages of housing... all of which are driving up prices.

May 15, 2022 06:01 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Sheri Sperry - MCNE® hi Sheri... as agents we know how slight changes in the market can impact demand and/or supply... but the average person is not that sensitive to this issue and so many continue to sit on the sidelines and will end up being reactive instead of proactive.

May 15, 2022 06:03 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Good Sunday morning to you, Roy... wishing you a lovely day and a good week ahead, as well.

May 15, 2022 06:03 AM
Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

I am glad to see that you’re home sales and prices are not seeing a hiccup and slow down that we are seeing Nina 🙂

May 15, 2022 07:22 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Paul S. Henderson, REALTOR®, CRS good morning, Paul... while our home prices are not hiccupping, sadly our sales are... you can't sell what you don't have to sell. :(

May 16, 2022 04:30 AM