Matthews Real Estate: June 2023

 

MEDIAN HOME SALE PRICES UP 28+% YEAR-OVER-YEAR 

Average sale price in June 2023 was $550,541, decreasing slightly 1.62% from $559,615 in May 2023. June’s average sale price increased 10.66% year-over-year from $497,520. The June 2023 average sale price was at its highest level compared with June 2022 and June 2021. 

 

Median home sale price in June 2023 was $577,950, which was 9.88% higher than $526,000 in May 2023. Year-over-year, median home sale price increased 28.4% from $450,125 in June 2022. The June 2023 median home sale price was at its highest level compared with June 2022 and June 2021. The median sale price in June was also at its highest level since June 2020.

 

Price per square foot in June 2023 was $222, up from $216/square foot in May 2023 and 2.3% higher than $217 in June 2022. June’s price per square foot was at its highest level since June 2020.

 

DAYS ON MARKET IN MATTHEWS INCREASED FROM MAY 

Average days on market in June 2023 were 45 days, increasing from 17 days in May 2023 and increasing 39 days compared with June 2022. June’s days on market were at their highest level compared with June 2022 (9 days on market) and June 2021 (4 days on market).

 

MATTHEWS HOUSING INVENTORY INCREASED SLIGHTLY FROM MAY | DECREASED YEAR-OVER-YEAR

The number of properties for sale in June 2023 was 135, up 3.85% from 130 homes in May 2023. Inventory was 6.25% lower than the 144 properties for sale in June 2022. 

 

NEW LISTINGS IN MATTHEWS DOWN YEAR-OVER-YEAR | UP MONTH-OVER-MONTH

The number of new listings in June 2023 was 58, up 26.09% from the previous month’s 46 listings.  New listings were 29.27% lower than what we saw in June 2022 (82 new listings) and in June 2021 (79 new listings). The June 2023 new listings were at their lowest level compared with June 2022 and June 2021.

 

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

Sales declined in June 2023 to 54 from 63 in May 2023. Nonetheless, June’s sales were at their second highest level since October 2022 when they also stood at 54. Sales declined from 82 in June 2022 and 83 in June 2021. 

 

LIST TO SALE PRICE RATIO OVER 101%

With a selling price at 101.57% of list price, June ratio increased slightly from May 2023 when it was just under 101%, but was down from 104.36% in June 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 with Coldwell Banker Realty,  Greater Charlotte residential real estate expert and Matthews specialist. I’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.”