Matthews (28105 zip code) housing market remained a home seller’s market in September 2021, evidenced by extremely low inventory and a decrease in new listings year-over-year. Matthews homes are selling as quickly as they come on the market. Lack of inventory increased average and median home prices by double digits and decreased closed and pending sales in September 2021.

Matthews Housing Market Update: September 2021

 

Latest news on the Matthews (28105 zip code) real estate market in September 2021 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 very thin at 0.7 months (down 50% year-over-year from 1.4 months in September 2020 and down from 2.2 months in September 2019). The months supply is also down 0.1 month versus August 2021. However you “slice it,” Matthews has been a home seller’s market for at least three years now. Inventory of homes was down 49% year-over-year. New home listings decreased 31.6% year-over-year. 

 

Average sale prices of homes increased 19.3% year-over-year to $431,752. Matthews home prices have increased almost $130,000, on average, compared with September 2019. Median home sale prices increased 23.1% to $400,000 year-over-year. Median home prices are $115,000 higher in September 2021 than they were in August 2019. Price per square foot increased 24.7% year-over-year to $187/square foot (up $37/square foot). The price per square foot is a new record for Matthews homes.

 

Average days on market were 19 days, down 40.6% from 32 days in the same time period one year ago and 40 days ago in September 2019.  Median days on market were flat at 4 days versus one year ago and 17 days from September 2019.  

 

Closed sales decreased 9.2% year-over-year.  Pending sales decreased 24.7% year-over-year. With the lack of inventory and new listings, it’s no surprise that sales were down. There is also the question of how many prospective buyers are now priced out of the Matthews housing market due to home prices that have continued to increase by double digits.

 

With a median selling price of 102.1% of asking price (up 2.1% over September 2020), Matthews home 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?

Contact Nina Hollander if you're curious about the Charlotte real estate market

 

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MORE INFORMATION ON THE MATTHEWS HOUSING MARKET’S PERFORMANCE

 

 Matthews (28105 Zip Code) Housing Market Highlights:

September 2021 versus September 2020

 

Matthews/28105 Zip Code Home Sales Report September 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.”

 

 

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Summary
Matthews, NC Real Estate Report: August 2021
Article Name
Matthews, NC Real Estate Report: August 2021
Description
Matthews (28105 zip code) housing market remained a home seller's market in September 2021 with higher home prices, tight inventory, low days on market.
Author
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