January 2025 Waxhaw Area Housing Report:
Prices, Sales, Inventory Trends
In January 2025, the Waxhaw area real estate market remained strong, with home prices reaching their highest levels compared with January 2024 and January 2023. While home sales decreased from the previous month, they showed improvement over January of the prior year. The list-to-sale price ratio held steady at 97.55%, unchanged both month-over-month and year-over-year.
The average days on the market surged to 74 days, marking a three-year high. Inventory of homes for sale declined for the fourth consecutive month, while new listings increased for the first time after seven months of declines. With a months supply of inventory at 7.35 months, Waxhaw remained a buyer’s market in January 2025.
WAXHAW REAL ESTATE JANUARY 2025 HIGHLIGHTS
The median sale price in January 205 was $688,062, up 16.13% from $592,000 in the previous month of December 2024. The median sale price was 12.9% lower than $790,000 in January one year ago. With home sale prices in the Waxhaw area ranging from the mid-$300,000s to over $3.8 million, the year-over-year decline in median sale price is more likely a result of the price mix of homes sold rather than an actual decrease in property values in the 28173 zip code.
The average sale price in January 2025 was $937,974, up up 20.77% from $758,495 in the previous month of December 2024. The average sale price in January 2025 was unchanged from January one year ago. The average sale price in January 2025 was at its highest compared with January 2024 and 2023.
Price per square foot averaged $257 in January 2025, up 6.2% from $242 from one month ago and increasing 93.6% from $235 in January one year ago.
WAXHAW HOMES LIST TO SALE PRICE RATIO
The January 2025 list to sale price ratio was 97.55% unchanged from both one month ago and January one year ago. Waxhaw area home buyers are seeing a small window of opportunity to negotiate on price.
WAXHAW HOMES AVERAGE DAYS ON MARKET RISE TO HIGHEST LEVEL SINCE 2022
Average days on market in January 2025 increased 19.35% to 74 days compared with 62 days the previous month. Compared with January 2024, average days on market were 35 days higher this year. Compared with January 2023, average days on market were 30 days higher in 2025.
WAXHAW SALES DOWN MONTH-OVER-MONTH | UP YEAR-OVER-YEAR
After holding steady in November and December 2024, Waxhaw home sales declined to 52 in January 2025, down 29.73% from 74 sales in the previous month. January 2025 sales were 44.44% higher compared with January 2024 (36 sales). Compared with January 2023, the current year saw 10 fewer sales.
WAXHAW HOUSING INVENTORY DOWN A 4TH CONSECUTIVE MONTH
Did You Know...
... Weddington is ranked as the 3rd best suburb to live in the Greater Charlotte area and the #1 best place to live in Union County?
... Marvin is ranked as the 5th best suburb to live in the Greater Charlotte area and the #3 best best place to raise a family in Greater Charlotte?
... Waxhaw is ranked as the 9th best suburb to live in the Greater Charlotte area and the 3rd best place to live in Union County?
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This Charlotte, North Carolina real estate monthly update for Waxhaw, Weddington, Marvin is provided by Nina Hollander, Coldwell Banker Realty, Greater Charlotte residential real expert and Waxhaw/Weddington/Marvin area specialist. I've been opening doors for Waxhaw area home buyers and sellers since 1999.
If you're considering selling or purchasing a home in the Waxhaw area or anywhere in the Charlotte metro area, I'd love an opportunity to earn your business, to exceed your expectations, and to show you why experience matters and how:
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