Matthews Real Estate: April 2023

 

AVERAGE & MEDIAN HOME SALE PRICES UP & DOWN

Average sale price in April 2023 was $491,117, increasing 2.47% from $479,273 in March 2023. April’s average sale price decreased 3.75% year-over-year from $510,226.

 

Median home sale price in April 2023 was $461,200, which was 4.11% higher than $443,000 in March 2023. Year-over-year, median home sale prices increased 2.04% from $452,000 in April 2022. The April 2023 median home sale price was at its highest level compared with April 2022 and April 2021.

 

Price per square foot in April 2023 was $209, down from $213/square foot in March 2023 and increasing 1.95% from $205/square foot in April 2022.

 

DAYS ON MARKET IN MATTHEWS INCREASED IN APRIL

Average days on market in April 2023 were 60 days, up from 47 days in March 2023 and up 50 days from April 2022. This was the highest number of days on market we’ve seen in Matthews in three years.

 

Buyer foot traffic was lower compared with April one year ago, with the average number of showings per listing at 9.6 versus 14.9 showings in 2022.  Compared with the most recent month of March 2023, foot traffic decreased by 3.4 showings per listing. 

 

MATTHEWS HOUSING INVENTORY UP YEAR-OVER-YEAR 

The number of properties for sale in April 2023 was 136, down 9.93% from 151 homes in March 2023. Inventory was 6.25% higher than the 128 properties for sale in April 2022. The April 2023 inventory was at its highest level compared with April 2022 (128 listings) and April 2021 (116 listings).

 

NEW LISTINGS WERE DOWN IN APRIL

The number of new listings in April 2023 was 57, down  8.06% from the previous month’s 62 listings.  New listings were 20.83% lower than what we saw in April 2022 (72 new listings) and in April 2021 (79 new listings). 

 

MATTHEWS SALES DECLINED YEAR-OVER-YEAR & MONTH-OVER-MONTH

Sales declined in April 2023 to 37 from 49 in March 2023. Sales declined from 69 in April 2022 and 70 in April 2021. This was the lowest level of sales seen in the month of April in the past two years.

 

LIST TO SALE PRICE RATIO OVER 100% IN APRIL

With a selling price at 100.55% of list price, April 2023 the ratio increased 1.75% from March 2023, but was down from 104.94% in April 2022.

 

 

Want to know what this would mean for your family if you decide to buy or sell a Matthews home?

 

We can help.

Call us today at 704-779-0813 or contact us here.

There’s absolutely NO OBLIGATION. A consultation with Carolinas Realty Partners is FREE. 

 

 

MORE INFORMATION ON THE MATTHEWS HOUSING MARKET’S PERFORMANCE

 

 Matthews and the 28105 zip code remains a home seller’s market and a competitive environment for affordable homes for home buyers in Matthews, North Carolina.

 

 Did you know Matthews, North Carolina was ranked as the #11th best Charlotte suburb to live in and the #18th best suburb in North Carolina to live in? So why not…

 

 CHECK OUT 7 OF THE HOTTEST NEIGHBORHOODS IN MATTHEWS 

 

SEARCH ALL MATTHEWS, NC AREA HOMES FOR SALE

 

 

 FREE Home Buyer Guide: “Things To Consider When Buying A Home”

 

WONDERING WHAT YOUR MATTHEWS, NC HOME IS WORTH?

 

 

FREE Home Seller Guide: “Things To Consider When Selling Your House”

 

THINKING OF SELLING YOUR HOME? CHECK OUT THE COLDWELL BANKER MARKETING ADVANTAGE 

 

Median Home Sale Price Trends For Matthews Homes

 

This Charlotte, North Carolina real estate monthly update for Matthews, NC is provided by Nina Hollander and Carolinas Realty Partners, Coldwell Banker Realty,  Greater Charlotte area residential real estate experts and Matthews specialists. We’ve been opening doors for Matthews home buyers and sellers for 24+ years.

 

 If you’re considering selling or purchasing a home in Matthews 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:

“The Right Broker Makes All The Difference.”