📈 Waxhaw, NC Housing Market Update:
July 2025 Trends & Insights
If you’re planning to buy or sell a home in Waxhaw, NC, staying on top of the latest housing market trends is essential. The 28173 zip code, known for its beautiful neighborhoods, desirable location and top schools, continues to attract buyers—however, shifting prices and inventory levels are shaping the market in new ways.
The Waxhaw real estate July 2025 continued to show its strength, with home prices hitting record highs despite a slowdown in sales activity and longer days on market. While buyers are benefitting from more inventory, sellers still hold the upper hand thanks to near-asking-price offers and competitive pricing trends. Let’s take a detailed look at how July’s numbers stack up and what this means for the months ahead. Here’s an in-depth look at Waxhaw’s real estate trends for July 2025 to help you make informed decisions.
WAXHAW REAL ESTATE JULY 2025 HIGHLIGHTS
🏡 Average & Median Sales Price
The median sales price in July 2025 was $777,500, up 2.1% from $761,500 in the previous month and 7.99% higher than $720,000 in July 2024. This was the highest July median price in three years, as well as the highest median sales price in Waxhaw in the past three years.
The average sales price reached $974,663 in July 2025, a jump of 11.79% from $871,831 last month and 24.2% higher than $784,766 in July 2024. This marks the highest average sales price compared with July 2024 and 2023. July's average sales price was also at its highest level since June 2024 when it stood at $799,000.
The average sales price per square foot rose to $260, up 2.36% from $254 the previous month and 5.26% higher than $247 in July 2024, further confirming the area’s steady value growth.
📈 List To Sale Price Ratio
The July 2025 list to sale price ratio was 99.06%, unchanged from the previous month and from July 2024. This stability shows sellers are listing homes at market value, leaving little room for negotiation.
📉 Number of Properties Sold
July 2025 saw 92 properties sold, down 25.2% from 123 in June and 11.54% lower than 104 in July 2024. This is the lowest July sales figure compared with 2024 and 2023.
⏳ Average Days on Market
The average days on market (DOM) in July 2025 was 52 days, a significant increase of 126.09% from 23 days last month and 147.62% higher than 21 days in July 2024. This is the highest DOM for July in three years, signaling that buyers may be taking longer to commit.
📦 Inventory & Months Supply of Inventory
The number of properties for sale in July 2025 stood at 542, equal to last month but 21.25% higher than the 447 available in July 2024. This is the highest July inventory compared with July 2024 and 2023.
The July 2025 Months Supply of Inventory (MSI) was 5.89 months — also the highest level compared with July 2024 and 2023. This kept Waxhaw in a balanced market, but just barely, as an MSI above 6 months typically indicates a shift into a buyer’s market.
🏠 New Listings
July 2025 saw 128 new listings, up 12.28% from 114 the month before and 4.07% higher than 123 in July 2024. This is the highest July new listing count compared with July 2024 and 2023, offering buyers more options than in recent years.
✅ Bottom Line: What This Means for Waxhaw Home Buyers & Sellers
The Waxhaw real estate market in July 2025 was defined by record-breaking prices and slower sales activity. Sellers benefited from near-asking-price offers, while buyers faced higher costs, but more choices. If you’re considering selling, now remains a favorable time to list your home. Buyers, on the other hand, should be prepared to act quickly on well-priced homes, as competition for desirable properties remains high despite lower overall sales volume and longer days on market.
If you’re thinking about buying or selling in the Waxhaw, NC area, staying up-to-date on local trends is essential. Connecting with an experienced Waxhaw real estate agent is vital to navigate this evolving market with confidence!
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... Weddington is ranked the 3rd best suburb to live in the Greater Charlotte area and the #1 best place to live in Union County?
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... 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:
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