Admin

Waxhaw's Millbridge Neighborhood Real Estate Report: 2024

By
Real Estate Agent with Coldwell Banker Realty 179530

Millbridge Neighborhood In Waxhaw, NC

Real Estate Report For 2024 + Neighborhood Spotlight

2024 saw a notable rise in home prices in Millbridge, with the median sale price climbing 12% and the average sale price increasing by 13% year-over-year. The average price per square foot rose by 7% to $211. The list-to-sale price ratio grew by 2%, reaching 100.5%, indicating minimal room for Millbridge home buyers to negotiate on price in 2024. The number of homes sold fell by 6% to 93, reflecting a tightening market. The limited inventory resulted in a significant 38% drop in the average days on market, which plummeted to just 15 days. With a meager 0.17 months supply of inventory, Millbridge remained a home seller's market throughout 2024.

 

MILLBRIDGE 2024 HOME SALES SNAPSHOT

 

Millbridge neighborhood in Waxhaw, NC home sales in 2024

  

      

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

 

 

WHY IS WAXHAW'S MILLBRIDGE ONE OF GREATER CHARLOTTE  AREA'S MOST DESIRED COMMUNITIES?

 
 
IT'S ALL ABOUT THE LIFESTYLE IN MILLBRIDGE
 
Welcome to Millbridge in Waxhaw, NC
 
Named Community of the Year in 2016 and again in 2019, Millbridge is one of Waxhaw, North Carolina's most desired master-planned communities with top rated schools, Millbridge is an idyllic neighborhood set on 920 picturesque acres with tree-lined sidewalks, pocket parks, common squares, green way systems and trails, 250 acres of green space.
 
 
 
The Carolina Thread Trail, a regional network of green ways, trails, and blue ways also runs through Millbridge and with a new cross-state suspension bridge connecting the Twelve Mile Greek Greenway in Waxhaw, NC with the Twelve Mile Creek Trail in Lancaster, SC there are now four continuous miles of pathway to walk and explore.
 
 
The $6 million, 9,000 square foot Community House is a state-of-the-art facility with outdoor fireplace, fitness center, cafe with coffee bar and baked goods, movie theatre, catering kitchen and more. The Community House offers lectures, movies, workshops and tutoring, as well as a free book-swap program, library and kids' corner with video games and foosball table.  The full-time Lifestyle Director organizes many community events including summer camps, game nights, educational programs.
 
 
Community amenities in Millbridge include a fantastic pool pavilion with Jr. Olympic pool, water slide, splash pool, lazy river. There's also a children's playground and basketball Airnasium. The adjacent 40-acre Nesbit Park offers soccer and baseball fields and picnic areas.
 
 
Cane Creek Park is close-by, featuring camping areas, a 300 acre lake for swimming, fishing, canoeing, and trails for biking and horseback riding. 
 
 
Love to golf? There are numerous golf courses within 10 miles of Millbridge. 
 
 
The charming, historic town of Waxhaw, which is on the National Register of Historic Places, is minutes away and offers quaint shops, restaurants, a farmer's market, and lots of community activities throughout the year.
 
 
Located an easy 15 minutes drive from south Charlotte's prestigious Ballantyne area with its limitless amenities, 30 minutes from Charlotte's South Park Mall, and 45 minutes from Uptown Charlotte, Millbridge is perfectly situated to provide a beautiful country setting close to all the amenities and conveniences of sophisticated city life.
 
 
 
More Recognition & Awards For Millbridge
 
Millbridge in Waxhaw, NC Named Community Of The Year
 
 
 
 
In April 2019, Millbridge was named the 2019 Community of the Year by the Home Builders Association of Greater Charlotte. In April 2018 Millbridge received three of the Home Builders Association of Greater Charlotte’s major achievement in market excellence (MAME) awards: (1) Developer of the Year, (2) Marketing Professional of the Year,  and (3)  the Best Sales Environment award.
 
No wonder they say that Millbridge is not just a neighborhood, but a destination! 
   
 
 
 
What Kind Of Homes Will You Find In Millbridge?
 
 
Millbridge homes have been built by some of Charlotte, North Carolina area's top builders, including Ryland Homes, Ryan, Mattamy, Centex, Pulte, Essex Homes, beginning in 2008. Newer sections of Millbridge were built by DR Horton and Lennar.
 
 
Millbridge homes range in size from approximately 1,800 square feet to over 5,000 square feet. Home prices can ranges from the low-$400,000's to the high $800,000's.
 
 
 
              Median Home Sale Price Trends For Millbridge Homes
 
 
 
 
 
Millbridge Children Attend Top Schools:
 
 
Millbridge children are served by some of the top schools in Union County, including Cuthbertson High SchoolCuthbertson Middle School, and Kensington Elementary School. Carolina Schools Hub gives each of these schools a 10 out 10 rating.
 
 
Newer sections of Millbridge are served by Waxhaw Elementary School, Parkwood Middle School, and Parkwood High School.
 
 
Also nearby are Central Academy of Technology and Arts and Union Day Charter School. With Union County school assignments subject to change from year to year, parents should verify all school assignments.    Cuthbertson High School is ranked #14 out of 107 public high schools in the Charlotte area by niche.com. It is also ranked by niche.com as #4 out of 12 high schools in Union County. Cuthbertson Middle School is ranked #13 out of 140 Charlotte area public middle schools and #3 of 12 middle schools in Union County. Kensington Elementary School is ranked  #29 out of 295 elementary public schools in the Charlotte area and #10 out of 33 public elementary schools in Union County.  The Union County School District is ranked the #3 best district in North Carolina. (School ratings from niche.com)  
 
 
Do top schools make a difference when buying or selling a home? The answer is a YES! 
 
 
   

SEARCH MILLBRIDGE HOMES FOR SALE 

 

SEARCH WAXHAW, NC HOMES FOR SALE 

 

WONDERING WHAT YOUR MILLBRIDGE HOME IS WORTH IN TODAY'S MARKET?

What's my Millbridge home in Waxhaw NC home worth?

  

 If you're considering purchasing or selling a home in Millbridge, contact Nina Hollander with Coldwell Banker Realty.

 

If you're buying, I have the complete inventory list of homes for sale in Millbridge .

 

If you're selling, let's get together and discuss the supply conditions in Millbridge and how I can assist you in gaining access to buyers who area ready, willing, and able to buy now.

 

I've been opening doors for Millbridge and Waxhaw home buyers and sellers since 1999. Let me show you why experience matters and how:

"The Right Broker Makes All The Difference."

 

 

For more details on the Millbridge housing market in 2024, including quarterly snapshots, 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
Search For All Charlotte Area Homes: www.GreatHomesInCharlotte.com 

Charlotte Magazine 5-Star Customer Satisfaction Award Winner Since 2007

 

 Connect with me also on these sites:  

 

facebook twitterlinkedinpinterest

  

                                                                                                                                          

Oh by the way, I'm never too busy for any of your referrals!

 

Find Your Charlotte Home

 

How Much Is My Home Worth       Free Charlotte Relocation Package

 

 

 

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.

 

Show All Comments Sort:
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, Keeping your readers informed with these stats will ensure your name stays fresh in their minds when they're ready to make a purchase or sell at Waxhaw's Millbridge!

Jan 23, 2025 04:30 AM
Nina Hollander, Broker

Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400 hi Sheila... that's why I put these posts out to keep my name out there.

Jan 23, 2025 04:50 AM
Wayne Martin
Wayne M Martin - Oswego, IL
Real Estate Broker - Retired

Good morning Nina. Low supply is not the right term in Millbridge. It is so close to zero it is close to panic time for those wanting to buy a home there. Your market area has a serious supply shortage and listing agents must be close to pulling their hair out. Selling agents likely have their shoes tied tightly and have buyers on alert for "ready fire" with no time to aim or you lose. Enjoy your day.

Jan 23, 2025 04:32 AM
Nina Hollander, Broker

Wayne Martin good morning, Wayne... it's really important to know our market and neighborhoods here... some neighborhoods see homes selling in a NY minute, others not quite as quickly. So it's important to be able to tell buyers when they need to move with the speed of light or when they can sleep on a home.

Jan 23, 2025 04:46 AM
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co Notary Services retired RE Broker

Your market brings a tear to my eye Nina Hollander, Broker as I know I will never be able to purchase a home near the woman I Love.

Jan 23, 2025 06:39 AM
Nina Hollander, Broker

Bob "RealMan" Timm too funny, Bob!

Jan 23, 2025 06:44 AM
Dorie Dillard Austin TX
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
NW Austin ~ Canyon Creek and Spicewood/Balcones

Good morning Nina,

You do a great job of keeping your name top of mind with the residents through your market reports. People always want to know what is going on in the real estate market!

Jan 23, 2025 07:32 AM
Nina Hollander, Broker

Dorie Dillard Austin TX hi Dorie... amazing isn't it? People never tire of asking questions about how the market is doing.

Jan 23, 2025 08:41 AM
Jeffrey DiMuria 321.223.6253 Waves Realty
Waves Realty - Melbourne, FL
Florida Space Coast Homes

Looks like another really healthy market in your neck of the woods.

Jan 23, 2025 07:32 AM
Nina Hollander, Broker

Jeffrey DiMuria 321.223.6253 Waves Realty hi Jeff... Millbridge if one of the most popular neighborhoods in our area... great location, great schools, and the resident amenities are some of the best in the region.

Jan 23, 2025 08:42 AM
Kathy Streib
Cypress, TX
Home Stager/Redesign

Hi Nina- Your reports always offer so much detailed information. Relatively low DOM and sales prices that are not going down...it's important that buyers hire the right local agent to know exactly what's going on. 

Jan 23, 2025 12:31 PM
Nina Hollander, Broker

Kathy Streib hi Kathy... it's still a competitive market in many of out neighborhoods and overall, the Greater Charlotte area has about 2.3 months of inventory... we are still a seller's market.

Jan 23, 2025 12:58 PM
Roy Kelley
Retired - Gaithersburg, MD

Families on the move will appreciate your local community reports. I posted this one on X.

Jan 23, 2025 02:58 PM
Nina Hollander, Broker

Thank you, Roy, and thank you for spreading the word!

Jan 24, 2025 03:45 AM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Nina:

Buyers want, and need, to know about the local market conditions and you've shared the kind of information that's important and that can impact their buying decisions. Based on the amenities it's clear why the Millbridge community is so popular.

Jeff

Jan 23, 2025 05:23 PM
Nina Hollander, Broker

Jeff Dowler, CRS Millbridge is known far and wide in our area for its amenities. I love their cafe.

Jan 24, 2025 03:46 AM
Endre Barath, Jr.
Berkshire Hathaway HomeServices California Properties - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Nina Hollander, Broker  if many from CA will relocate to your area, I suspect prices will increase even more, Endre

Jan 23, 2025 09:29 PM
Nina Hollander, Broker

Endre Barath, Jr. we already are having an issue with affordability, Endre. Not sure we need more. I'd be surprised if we see a big influx from California... I suspect they will move more to states like Idaho, Utah, Colorado, Texas.

Jan 24, 2025 03:47 AM
Brian England
Ambrose Realty Management LLC - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

I really like the photo you featured with the sign and the bridge!  Millbridge seems like it would be a great place to call home!

Jan 24, 2025 04:44 AM
Nina Hollander, Broker

Brian England hi Brian... as long as you don't want a huge lot, Millbridge is a great place to call home. That covered bridge, by the way, is a restored old bridge.

Jan 24, 2025 04:56 AM
Patricia Feager
Flower Mound, TX

Greetings Nina Hollander, Broker 

First of all, I love the covered bridge in the photo of the Millbridge community. The first paragraph of rising prices, etc., is exactly what I am reading in my areas too. What raises concerns is what I know about the place where my daughter lives in Europe. She will never be able to buy a home and most people, unless a house was passed down to a family member, and they can afford the taxes. My son-in-law said, that's why everyone buys nice cars and products built-to-last. 

I hope the handwriting isn't on the walls of those now here in our country who would really like to purchase a home but can't. 

 

Jan 24, 2025 04:57 AM
Nina Hollander, Broker

Patricia Feager hi Patricia... that bridge is the real deal at the entrance to Millbridge. It's a restored bridge from way back when.

As for homeownership, there's a reason we call it the American Dream.  I'm hopeful that over time, homeownership will be more affordable again.

Jan 24, 2025 05:00 AM