Matthews, NC (28105 Zip Code) Home Prices Up 35% Y-O-Y in May 2022

By
Real Estate Agent with Coldwell Banker Realty

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

What it means for you...

What you need to know...  

 

While we've heard considerable talk about housing markets showing signs of slowing down and inventory gradually increasing to benefit home buyers, we saw NO SIGNIFICANT SLOWDOWN in Charlotte's Matthews area in May 2022 where home prices continued to increase and inventory 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 (down 12.5% from 0.8 months in May 2021 and down from 1.7 months in May 2020). However you "slice it," Matthews has been a home seller's market for more than three years now. Inventory of homes was down 17.0% year-over-year, despite a small increase in new listings of seven homes.

 

 Matthews (28105 Zip Code) Housing Market Highlights:

May 2022 versus May 2021

 

Matthews, NC/28105 Zip Code Housing Market Snapshot For May 2022

 

HOME SALE PRICES INCREASED IN MATTHEWS YEAR-OVER-YEAR

Average sale prices of homes increased 35.0% year-over-year to $474,111. Average sale price was about $129,000 higher than in May 2020. Median home sale prices increased 29.8% to $444,500 year-over-year. Compared with May 2020, average home sale prices were approximately $145,000 higher in May 2022. Price per square foot increased 28.0% year-over-year to $213/square foot from $169/square foot in May 2021, setting a new record for square foot prices in Matthews for a second consecutive month.

 

MATTHEWS HOMES SOLD QUICKLY IN MAY 2022

Average days on market were 12 days compared with 17 days in the same time period one year ago and 32 days two years ago. Month-over-month, average days on market were 9 days lower. Median days on market were just 4 days, one day higher than in the same month one year ago, but 11 days lower than in May 2020.

 

MATTHEWS CLOSED & PENDING SALES INCREASED IN MAY 2022

Closed sales increased 1.5% year-over-year (equal to one additional home sale year-over-year). Pending sales increased 10.8% year-over-year. This increase was equal to seven additional sales, which was equal to the seven additional homes that were listed in May 2022. 

 

With a median selling price of 104.2% of asking price (up 0.4% 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 (22)

Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

There definitely hasn't been a slowdown in the Charlotte area and Matthews is no exception.

Jun 21, 2022 05:33 AM
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Families on the move will love your outstanding local real estate reports.

Keep cool and enjoy this first day of summer.

Jun 21, 2022 06:07 AM
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co Notary Services retired RE Broker

Amazing numbers seem to be the "norm" for your area Nina Hollander, Broker . As long as you don't let it all overwhelm you it would be fun to wake up everyday to see what is happening today.

Jun 21, 2022 06:13 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

All good stats that sellers will like to read about Matthews Nina. Your market is certainly a hot one!

Jun 21, 2022 06:33 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, looks like for the most part, homes make it through the first weekend in Matthews, still not many days on market.

Jun 21, 2022 06:33 AM
Jeffrey DiMuria 321.223.6253 Waves Realty
Waves Realty - Melbourne, FL
Florida Space Coast Homes

Your Charlotte markets all seem to be doing very well. That is awesome.

Jun 21, 2022 07:30 AM
Rocky Dickerson
Realty One Group - Las Vegas, NV
Superior Service!

Interesting market data for sure. I am surprised an area like yours didn't become even more expensive.

Jun 21, 2022 08:42 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Brian England hi Brian... for sure, May, was still a strong month for home sales in the Charlotte area... now we wait to see what June brings us.

Jun 21, 2022 10:07 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Rocky Dickerson hi Rocky... for Matthews, this is expensive! Matthews was one of the areas I'd bring buyers to who were more "budget sensitive." 

Jun 21, 2022 10:08 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Thanks, Roy, for stopping by. Trust you are enjoying a terrific Tuesday!

Jun 21, 2022 10:09 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Eric Bouler thanks, Eric... wishing you a very happy first day of summer and a lovely one to follow.

Jun 21, 2022 10:09 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Wayne Martin hi Wayne... we have smidge more inventory, but it is still selling quickly and not doing much to relieve pressure on buyers.

Jun 21, 2022 10:10 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Bob "RealMan" Timm hi Bob... on the whole, our market remains stressful for both buyers and sellers right now... which means it's stressful for their agents.

Jun 21, 2022 10:11 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400 hi Sheila... Matthews' location keeps it a perennially "hot" spot. Plus, it's a nice little town.

Jun 21, 2022 10:12 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Joan Cox hi Joan... houses are still selling relatively quickly. I keep telling sellers they really can't expect to always sell in one day and if it takes their home two weeks to sell, by historical standards that is very fast.

Jun 21, 2022 10:13 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Jeffrey DiMuria 321.223.6253 Waves Realty hi Jeff... Charlotte region continues to have lots of people moving here... keeps the demand for housing high.

Jun 21, 2022 10:14 AM
Kathy Streib
Cypress, TX
Retired Home Stager/Redesign

Hi Nina- the Charlotte area is so on fire I can't imagine what sellers and buyers are going through. 

Jun 21, 2022 10:31 AM
Sheri Sperry - MCNE®
Coldwell Banker Realty - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

Hi Nina, 

It sounds like the Matthews NC area is full steam ahead!  You clients will appreciate your knowledge and guidance when exploring the Matthews market. 

Jun 21, 2022 11:03 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Kathy Streib hi Kathy... anyone looking for a "reasonably" priced home is not having an easy time of it. And under $300,000 forget about it!

Jun 21, 2022 12:01 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Sheri Sperry - MCNE® hi Sheri... I'll be the first to admit that I've been more than a little gob-smacked by how much home prices have increased in Matthews over the past three years. It's just never quite bit that kind of market.

Jun 21, 2022 12:09 PM