Waxhaw's Somerset Homes Sold At 105.25% Of List Price In 2022 And 2021

Real Estate Agent with Coldwell Banker Realty 179530

Somerset Neighborhood in Waxhaw, NC

Real Estate Report & Community Spotlight


After softening somewhat in the Third Quarter of 2022, Somerset home prices rebounded in the Fourth Quarter of 2022. However, the list to sale price ratio decreased 3.89% quarter-over-quarter and days on market increased seven days quarter-over-quarter. 2022, as a whole, was a strong year for Somerset home sales, with home prices up year-over-year and the list to sale price ratio holding steady at 105.25%. While days on market increased, at 13 days, homes still sold relatively quickly throughout the year.



Somerset Neighborhood In Waxhaw, NC Home Sales Snapshot 2022



Somerset Neighborhood In Waxhaw, NC Home Sales Snapshot Quarter 4-2022


 To track sales in Somerset "real time," click here for our Neighborhood Analyzer Report and sign up to automatically receive reports on Somerset sales activity.


Median Sale Price History For Homes In Somerset



Why Somerset Is An In-Demand Waxhaw Neighborhood


Somerset Neighborhood In Waxhaw ClubhouseSomerset is a 200-acre master-planned community situated on the border of Mecklenburg and Union Counties, minutes from Ballantyne and surrounded by some of Charlotte/Waxhaw area's most prestigious and upscale neighborhoods, including Hunter Oaks, Providence Country Club, Longview, and Marvin Creek. Outstanding community amenities in Somerset include a pool, clubhouse, tennis courts, play ground, and walking trails.


The Somerset community was developed between 1998 and 2003 by St Lawrence Homes, D R Horton, Fortis, and Ryland. The homes in Somerset range in size from about 1,990 square feet to over 4,500 square feet with average square footage just under 3,000. Lot sizes average about .3 of an acre but can also range from .2 of an acre to over half an acre.


Somerset is located minutes from Charlotte's trendy and popular Ballantyne area. All the shopping you could want is literally just minutes away along Rea Road or Providence Road,  including three, large outdoor shopping centers (Blakeney, Waverly and Stonecrest) offering grocery shopping, high-end boutiques, spas, casual and fine dining restaurants, movie theatres, and more. Carolina Place Mall and Carolinas Medical Center/Pineville are close by. Ballantyne Village is quickly accessible. All the major medical practices in Charlotte, which maintain offices in Ballantyne, are but five minutes away. Also nearby are Trader Joe's, Ballantyne Country Club, Piper Glen Club, and horseback riding facilities in nearby Waxhaw. 


Somerset provides easy commuting to the Ballantyne Corporate Park, South Park, Matthews, Charlotte-Douglas Airport, as well as easy access to I-485 and primary local roads.


All of life life's necessities are within easy reach of Somerset in less than a mile. And if you love the "great outdoors" and/or golf, there are 23 golf courses within 10 miles of Somerset and numerous parks for both humans and dogs!


Somerset Neighborhood in Waxhaw is convenient to all the necessities of life  Somerset neighborhood in Waxhaw is close to parks and golf



Top-rated Union County Schools Serve the Somerset Neighborhood in WaxhawTop-Rated Union County Schools 

Somerset is served by some of the top Union County public schools in: Marvin Ridge High School, Marvin Ridge Middle School, and Rea View Elementary School, all located within less than four miles of the neighborhood. 


Marvin Ridge High School is one of the top ranked high schools in the Charlotte region, ranked #1 out of the top 25 high schools for 2023, as it was in 2022. Marvin Ridge Middle School ranks as the #2 best public middle school in Union County and in the top 15 public middle schools in the Charlotte region. Rea View Elementary ranks in the top 20 public elementary schools in the Charlotte region out of 292 elementary public schools and is also ranked as the #2 best public elementary school in Union County. (Rankings by niche.com)


Do top schools make a difference when buying or selling a home? The answer is a YES! Find out why good schools matter when you’re buying or selling a home here.




Free home listing alerts from www.GreatHomesInCharlotte.com






What's Your Somerset Home In Waxhaw NC Worth?





Search Waxhaw Area Homes For Sale


 If you're considering purchasing or selling a home in Somerset, contact Nina Hollander/Carolinas Realty Partners with Coldwell Banker Realty. If you're buying, we have the complete inventory list of homes for sale in Somerset. If you're selling, let's get together and discuss the supply conditions in Somerset and how we can assist you in gaining access to buyers who area ready, willing, and able to buy now.

And let us show you why experience matters and how:

"The Right Broker Makes All The Difference."

Great Homes In Charlotte

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
Search For All Charlotte Area Homes: www.GreatHomesInCharlotte.com 

Charlotte Magazine 5-Star Customer Satisfaction Award Winner Since 2007


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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)

Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

I appreciate all that you taught me about the Charlotte Home market. It seems like I’ve almost been there in person…

Jan 25, 2023 11:42 AM
Leanne Smith
Dirt Road Real Estate - Golden Valley, AZ
Relocation to NW AZ with elbow room & more freedom

This particular area sounds very appealing to buyers especially those with families. I enjoy reading about the areas you service.

Jan 25, 2023 12:01 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Paul S. Henderson, REALTOR®, CRS so all you have to do now, Paul, is come out one day and see it for yourself in living color!

Jan 25, 2023 12:15 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Leanne Smith thanks, Leanne... Somerset is full of families. It's got great amenities and top rate schools... all things that most families want.

Jan 25, 2023 12:16 PM
Hannah Williams
HomeStarr Realty - Philadelphia, PA
Expertise NE Philadelphia & Bucks 215-820-3376

Nina Hollander, Broker  Great job as always detailing Waxhaw NC you are the agent in the know. Buyers and sellers would be wise  to contact you when looking to make a move 

Jan 25, 2023 02:17 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Hannah Williams thanks, Hannah, for that kind comment. I've sold in Waxhaw for 20 years (before most agents knew where it was). I love selling in Waxhaw and my clients love living in Waxhaw.

Jan 25, 2023 02:22 PM
Myrl Jeffcoat
Sacramento, CA
Greater Sacramento Realtor - Retired

Waxhaw's Somerset home buyers and sellers are certain to value your real estate market report, Nina.

Jan 25, 2023 05:22 PM
Endre Barath, Jr.
Berkshire Hathaway HomeServices California Properties - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Nina what an awesome detailed Market Report of Waxhaw, hope this will generate listings and buyers for you, Endre

Jan 25, 2023 10:47 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Myrl Jeffcoat good Thursday morning, Myrl... thank you for popping by... wishing you a lovely day ahead.

Jan 26, 2023 04:03 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Endre Barath, Jr. thanks, Endre... in reality, I've long ago stopped waiting for business to come to me from posts on Active Rain. Posts on my own website are a whole other story.

Jan 26, 2023 04:04 AM
Brian England
Ambrose Realty Management LLC - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

Homes selling over list price is always a good thing for the sellers and tells me that there is plenty of competition in the market.

Jan 26, 2023 04:59 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Brian England hi Brian... 2022 was a good year for Somerset... it's slowing down a bit now but this is a neighborhood that always seems to be in demand as long as I've been selling there (which is a long time now).

Jan 26, 2023 05:13 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, great market update for Somerset and no surprise, doing very well!

Jan 26, 2023 07:10 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Joan Cox hi Joan... Somerset has done well regardless of market conditions. For a long time, very affordable in a great location with top schools. A bit less affordable these days.

Jan 26, 2023 07:58 AM