Matthews (28105 zip code) housing market remained a home seller’s market in March 2021, evidenced by extremely low inventory and with just a one-half month’s supply of inventory. Significant decreases in days on market and fewer new listings resulted in much higher home prices. Pent-up buyer demand remains greater than the supply of homes in Matthews.
Matthews Housing Market Update: March 2021
Latest news on the Matthews (28105 zip code) real estate market in March and what it means for you…
Matthews housing market continues to see extremely low inventory with the months supply of inventory razor-thin at 0.5 months (down 72.2% year-over-year from 1.8 months year-over-year). Inventory of homes was down 69.1% year-over-year. New home listings decreased 25.9% year-over-year. Matthews homes sold in under three weeks, on average.
Average sale prices of homes increased 18.4% year-over-year to $387,863. Median home sale prices increased 11.8% to $312,000 year-over-year. On a month-over-month basis, the average sale price of a home sold in Matthews increased by $20,000. The median sale price increased almost $30,000. Price per square foot increased 10.8% year-over-year to $164/square foot (up $16/square foot).
Average days on market were 17, down 9 days from the same time period one year ago. Days on market were also down 8 days from the prior month. Median days on market decreased 4 days to 3 days versus one year ago. Matthews homes sold almost as quickly as they came on the market in March 2021.
Closed sales increased 16.7% year-over-year. Pending sales increased a scant 4.4% year-over-year. No doubt, the small increase in pending sales was due to lack of inventory and not due to a lack of buyer demand.
With a median selling price of 102.3% of asking price (up 3.4% over March 2020), buyers should expect minimal to no room to negotiate.
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Matthews (28105 Zip Code) Housing Market Highlights:
March 2021 versus March 2020
Lack of inventory continues to keep Matthews and the 28105 zip code a home seller’s market and a very competitive environment for affordable homes for home buyers in Matthews, North Carolina.
This same lack of inventory coupled with continued buyer demand for homes in Matthews assures home sellers of a quick sale at top dollar and minimal sales contingencies.
Did you know Matthews, North Carolina was ranked as the #5 best Charlotte suburb to live in and the #11 best suburb in North Carolina to live in? So why not…
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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, your Charlotte metro area residential real estate experts and Matthews specialists. We’ve been opening doors for Matthews home buyers and sellers for 20+ years.
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