Matthews, NC (28105 Zip Code) Home Sales In Feb 2023: What To Know Now

By
Real Estate Agent with Coldwell Banker Realty 179530

Latest news on the Matthews, NC (28105 zip code) real estate market in February 2023...

What it means for you...

What you need to know...  

 

Key February 2023 "take-aways" about the Matthews area of the Charlotte, North Carolina metro area included:

  • Average and median home sale prices increased month-over-month and year-over-year in February.

  • List to sale price ratio was high at almost 99%, but decreased year-over-year.

  • Average days on market  were the highest Matthews has seen in three years.

  • Closed sales increased month-over-month, but decreased year-over-year.

  • Housing inventory was down month-over-month, but up year-over-year.

  • Except for December 2022, February's new listings were the lowest we've seen in Matthews since January 2021.


 Matthews (28105 Zip Code) Housing Market Highlights:

Matthews, NC (28105 Zip Code) Housing Market Highlights February 2023

 

AVERAGE & MEDIAN HOME SALE PRICES INCREASED YEAR-OVER-YEAR AND MONTH-OVER-MONTH

Average sale price in February 2023 was $473,594, increasing 7.13% from $442,077 in January 2023. February's average sale price also increased 6.8% year-over-year from $443,571. The February 2023 average home sale price was at its highest level compared with February 2022 and February 2021.

 

Median home sale price in February 2023 was $465,000, which was 9.4% higher from $425,00 in January 2023. Year-over-year, median home sale prices increased 20.8% from $385,000 in February 2022. The February 2023 median home sale price was at its highest level compared with February 2022 and February 2021.

 

Price per square foot in February 2023 was $214, increasing 2.9% from $208 in January 2023 and increasing 5.9% from $202/square foot in February 2022.

 

DAYS ON MARKET IN MATTHEWS INCREASED IN FEBRUARY

Average days on market in February 2023 were 37 days, up from 35 days in January 2023 and up 15 days from February 2022. This was the highest number of days on market we've seen in Matthews in three years.

 

Buyer foot traffic was lower compared with February one year ago, with the average number of showings per listing at 13.8 versus 24 showings in 2022.  Compared with the most recent month of January 2023, foot traffic decreased by just one under showing per listing. 

 

MATTHEWS HOUSING INVENTORY UP YEAR-OVER-YEAR | NEW LISTINGS REMAIN LOW

The number of properties for sale in February 2023 was 126, down 13.7% from 146 homes in January 2023, but 10.5% higher than the 114 properties for sale in February 2022. The February 2023 inventory was at its highest level compared with February 2022 (114 listings) and February 2021 (122 listings), but was still lower than the inventory we saw since April 2022.

 

The number of new listings in February 2023 was 31, equal to the number of new listings in January 2023.  New listings were considerably lower than what we saw in February 2022 (47 new listings) and February 2021 (68 new listings). Except for December 2022, February's new listings are the lowest we've seen since January 2021.

 

MATTHEWS SALES INCREASED MONTH-OVER-MONTH | SALES DECREASED YEAR-OVER-YEAR

Sales increased in February 2023 to 35 from 28 in January 2023. Sales decreased from 47 in February 2022 and 41 in February 2021. With the exception of November 2022 and January 2023, February's were the lowest level of sales Matthews saw in three years.

 

LIST TO SALE RATIO DROPPED BELOW 100% FOR A 5TH CONSECUTIVE MONTH

With a selling price at 98.98% of list price, February 2023 saw a 3.6% decrease in the list to sale price ratio compared with February 2022. However, the month-over-month list to sale price ration increased 1.02% in February.  

 

 

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

 

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

 

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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 22+ 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
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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 (12)

Bill Salvatore - East Valley
Arizona Elite Properties - Chandler, AZ
Realtor - 602-999-0952 / em: golfArizona@cox.net

Great information.  Thanks for sharing, enjoy your weekend, and here's to a relaxing Saturday. Bill

Mar 11, 2023 05:38 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Bill Salvatore - East Valley thanks, Bill, for stopping by. Wishing you a lovely weekend, as well. 

Mar 11, 2023 05:51 AM
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning Nina. Inventory low, buyer interest moderating and mortgage rates rising. Are the remaining buyers more serious and cautious about rising interest rates? Enjoy your day.

Mar 11, 2023 05:57 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Wayne Martin good morning, Wayne... serious buyers continue to buy. They feel they can always refinance in the future... meantime, they have a home to live in.

Mar 11, 2023 05:59 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

Nina, List to sale price ratio is amazing at 99% in Matthews and that number should get owners  attention!

Mar 11, 2023 06:10 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400 hi Sheila... it's the fifth consecutive month of a list to sale price ratio under 100%, but if I were a seller, I would not complain about 99% with home prices increasing.

Mar 11, 2023 06:18 AM
Ed Silva
Mapleridge Realty, CT 203-206-0754 - Waterbury, CT
Central CT Real Estate Broker Serving all equally

A good report on the Matthews market. Sales down but lack of inventory would explain that as well as slightly higher interest rates.

Mar 11, 2023 06:38 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, I don't think 37 days is very many, yet it has increased.  Matthews still isn't doing bad.

Mar 11, 2023 07:09 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Ed Silva hi Ed... I dread when people ask me for a home in Matthews... good inventory is so hard to find right now.

Mar 11, 2023 07:11 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Joan Cox hi Joan... to some degree I think the DOM are up because the good properties sell out quickly and those that are less desirable or priced incorrectly skew the numbers by sitting on the market.

Mar 11, 2023 07:12 AM
Endre Barath, Jr.
Berkshire Hathaway HomeServices California Properties - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Nina if a property is priced right in my market it is in multiple offers if it is not then it just lingers there for months now, Endre

Mar 11, 2023 09:59 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Endre Barath, Jr. good morning, Endre... pretty much the same here. Properties that are priced right, staged right, and marketed right sell quickly.

Mar 12, 2023 05:45 AM