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 (28105 Zip Code) Real Estate ReportMatthews 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 increase 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.

 

 

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 (28105 Zip Code) Housing Market Highlights:

March 2021 versus March 2020

 

Matthews/28105 Zip Code Home Sales Report March 2021

 

 

 

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…

 

 CHECK OUT 8 OF THE HOTTEST NEIGHBORHOODS IN MATTHEWS 

 

Hot Matthews, NC Neighborhoods

 

 

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?

 

What's My Home 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,  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.

 

 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 how:

“The Right Broker Makes All The Difference.”

 

 

Search Matthews Homes For Sale


Summary
Matthews, NC Real Estate Report: March 2021
Article Name
Matthews, NC Real Estate Report: March 2021
Description
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.
Author
View All Housing Market Reports/Updates Posts