Market Report Zip Code 28104 | NOV 2023

By
Real Estate Agent with Savvy + Company (704) 491-3310 228209

Market Report Zip Code 28104 | NOV 2023

Homes for sale in zip code 28104Matthews & Weddington share zip code 28104, and both continue to show strong performance in home sales even with increased days-on-the-market. There remains increased interest in the area. The history in Matthews runs deep, but most of the town’s 25,000+ residents have relocated to Matthews in the past decade, attracted by affordable homes in beautiful new subdivisions, strong schools, lower taxes and the historic, pedestrian-friendly downtown. 

 

Some historic Matthews homes remain around the fringes of Matthews town center, however the Matthews area has seen tremendous growth with new subdivisions.  Homes for sale in Matthews range from transitional to historic colonial to craftsman style. Weddington encompasses approximately 17 square miles or 11,044 acres and only 27 of the 11,044 acres is zoned for commercial use.  Weddington currently has a population of 11,420.   

 

With mostly single-family homes on lots of one acre or more, Weddington has few condos or townhomes at all.  The Weddington Town Hall is located in one of the commercial areas in an old historic home. The real estate market in the 28104 zip code remains a strong sellers' market.

 

Below are interactive graphs which share the current market's standing for this zip code as well as historical data.

 

Days on the market - 32

 Average List-to-Sales Price - 98.4%

 Average Sales Price - $672,131

Months Supply of homes in zip code 28104 is also ticking up and there is now 2.9 months - still, a healthy sellers' market.

Inventory of Homes is also down over 10% year-over-year with only 142 homes available in the entire zip code!

There are currently 529 home sales pending in the Weddington/Matthews area, a 57% decrease year-over-year.


 

 

Zip code 28104 is in a sellers' market currently so, if you're thinking of selling, now is the time with inventory as low as it is.  Let us know if you're thinking of listing your Weddington home for sale.  

We'd love the opportunity to meet with you. If you're thinking of buying, this is obviously a hot spot in the Charlotte Metro region so, check out zip code 28104. School rankings have also just been released and the numbers are quite impressive for the Weddington School zone!

 

Search for Homes for Sale in Matthews & Weddington (Zip Code 28104)

 

©Debe Maxwell | The Maxwell House Group | CharlotteBroker@icloud.com | Market Report Zip Code 28104 | NOV 2023

Originally posted at https://www.icharlotterealestate.com/market-report-zip-code-28104-july-2018/

Comments (3)

Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker in DC, MD, VA and attorney in DC

This is a picture perfect market report - definitely one to follow and take note of! 

Nov 26, 2023 06:25 PM
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • GRI • HAFA • PSC Calabasas CA

Great reports Debe, as always. I like the interactive aspect of the graphs. It is so easy to read. 

Nov 26, 2023 06:28 PM
Roy Kelley
Retired - Gaithersburg, MD

Families considering a move to the area will appreciate your local real estate reports.

I shared this post on Twitter.

Dec 02, 2023 07:34 AM