May 2025 Waxhaw, NC Area Housing Market
Prices, Sales, Inventory, Days on Market Trends
Waxhaw home prices continued to rise in May 2025. The median sale price reached $787,000, up 8.1% from April and 10.07% higher than May 2024. The average sale price also increased to $959,367, a 5.76% gain from the previous month and equal to the average one year ago. Both median and average prices were the highest for May in the past three years, at least partially influenced by the price mix of homes sold.
The list to sale price ratio dipped slightly to 99.01% in May, down from 100.03% in April 2025 and 100.73% in May 2024, giving buyers only a small margin to negotiate.
Homes spent an average of 34 days on the market, one day longer than April.
Sales increased for the fourth straight month, reaching 95 homes closed in May, up 14.46% from April and 5.56% higher than in May 2024.
Inventory rose for the fifth consecutive month, climbing to 531 homes, a 33% increase year-over-year. Despite this growth, months supply of inventory ticked down slightly to 5.59, keeping the market balanced between home buyers and sellers.
New listings rose to 187, the highest level since June 2022 and up significantly from both the previous month and the same time last year.
WAXHAW REAL ESTATE MAY 2025 HIGHLIGHTS
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Did You Know...
... Weddington is ranked the 3rd best suburb to live in the Greater Charlotte area and the #1 best place to live in Union County?
... Marvin is ranked the 4th best suburb to live in the Greater Charlotte area and the #2 best best place to live in Union County?
... Waxhaw is ranked the 10th 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:
More details on the Waxhaw, NC May 2025 housing market on www.GreatHomesInCharlotte.com
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