Real Estate Agent with Coldwell Banker Realty 179530
Millbridge Home Prices And Sales Dip in Quarter 1-2025 As New Construction Ends
In Quarter 1-2025, Millbridge home sale prices experienced a year-over-year decline, with the median sale price dropping 5% and the average sale price falling 6%. This decrease is partly due to a different price mix of homes sold compared with 2024, as well as the absence of new construction sales, which typically fetched premium prices. Despite the overall price drop, the average price per square foot rose 5% to $216 compared with Q1-2024.
The list-to-sale price ratio dipped 3 percentage points to 98.3% from the same quarter one year ago, giving buyers slightly more room to negotiate. This change also reflects the end of new construction in the neighborhood, as builders typically do not negotiate on price.
Home sales volume fell 31% year-over-year, with just 11 homes sold—an expected outcome following the completion of new construction. Average days on market increased to 38, up from 27 a year earlier.
Still, with only 2.09 months of inventory, Millbridge remained a strong seller’s market in Q1-2025.
WHY IS WAXHAW'S MILLBRIDGE ONE OF GREATER CHARLOTTE AREA'S MOST DESIRED COMMUNITIES?
IT'S ALL ABOUT THE LIFESTYLE IN MILLBRIDGE
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. Millbridge features Charlotte area's only covered bridge with mill and functioning wheel.
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 15-20 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.
Recognition And Awards For Millbridge
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, Bonterra, as well as custom huilders, beginning in 2008. Newer sections of Millbridge were built by DR Horton and Lennar. Millbridge is comprised of over 2,200 homes.
Millbridge homes range in size from approximately 1,800 square feet to over 5,000 square feet. Home prices can ranges from the high-$400,000's to the high $900,000's.
Median Home Sale Price Trends For Millbridge Homes
Cuthbertson High Schoolis ranked #17 of 108 public high schools in the Charlotte area by niche.com. It is also ranked by niche.com #5 of 13 high schools in Union County. Cuthbertson Middle School is ranked #16 out of 145 Charlotte area public middle schools and #4 of 11 public middle schools in Union County. Kensington Elementary School is ranked #27 out of 298 elementary public schools in the Charlotte area and #9 of 32 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!
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:
Good morning Nina. The numbers can paint a different picture to different eyes. Your view is with your feet on the ground and the advantage of peaking behind the numbers. Want the realty of the inside scoop as a buyer or seller be, call Nina today. Enjoy your day.
Wayne Martin hi Wayne... it would be so easy to think that Millbridge, which has been one of our area's hottest selling neighborhoods for as long as I can remember, that price declines mean the neighborhood is no longer a destination point... and anyone who thinks that thinks wrong. You really have to take the time to look "behind" the numbers.
Apr 17, 2025 05:19 AM
Jeffrey DiMuria 321.223.6253 Waves Realty
Waves Realty - Melbourne, FL
Florida Space Coast Homes
seems mostly flat. I think any neighborhood that is holding its own is doing just fine. 38 days on market is fine!
Nick Vandekar, 610-203-4543 hi Nick... this is the only covered bridge left in the Charlotte area so very unique and a beautiful introduction to the Millbridge neighborhood.
Apr 17, 2025 11:12 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, Millbridge offers an impressive lineup of amenities, so it’s easy to see why so many people love calling this community home!
Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400 hi Sheila... parents should not bring children with them to look at homes in Millbridge because when kids get a look at the amenities they don't want to live anywhere else.
Apr 17, 2025 11:13 AM
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"
Hello Nina and thank you for your market report that you share with us daily. Hope the Easter Bunny will be good to you.
Joan Cox it's a great neighborhood, Joan, for anyone looking for lots of amenities... that's the last covered bridge in existence in the Charlotte area.
Apr 17, 2025 11:15 AM
Kathy Streib
Cypress, TX
Retired Home Stager/Redesign
Hi Nina- I love how you give some explanation to the numbers you present. That is the value you add to what you do.
Thank you, Roy... trust you are enjoying some lovely weather. It's beautiful here these days in Charlotte.
Apr 17, 2025 11:16 AM
Mike McCann Broker - Mach1 Realty
Mike McCann - Broker, Mach1 Realty Broker-Auctioneer Serving Nebraska - Kearney, NE
ALL Types of Property For Sale 308-627-3700
Hi Nina Hollander, Broker That beautiful neighborhood is probably out of my budget...but I love the covered Bridge.
One of the best vacations my wife and I ever took was years ago driving all over New England to dozens and dozens of covered bridges...and past Presidents homes...and gorgeous communities and staying in B&B's in little towns.
Mike McCann Broker - Mach1 Realty hi Mike... sadly, this is the last such covered bridge in the Charlotte area! That New England trip must have been amazing. Worth repeating.
Apr 18, 2025 05:10 AM
Patricia Feager
Flower Mound, TX
Inactive/Semi Retired Real Estate Agent
Nina Hollander, Broker - With award winning schools and all the amenities and attractions, this sounds like the ideal community. It has the complete package!
Patricia Feager good morning, Patricia... that's a great way to describe Millbridge: "the complete package." This neighborhood has something for everyone.
Apr 18, 2025 05:11 AM
Brian England
Ambrose Realty Management LLC - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ
The Millbridge Residence Club looks like an amazing place to call home. I really like that little bridge!
Comments(11)