Waxhaw Real Estate Report: April 2021
The Waxhaw area housing market remained a seller’s market in April 2021 with continued significant decreases in inventory. With 70.5% less inventory year-over-year and huge buyer demand, days on market were down, home prices were up, as were closed and pending sales.
Waxhaw (28173 Zip Code) Home Sales Report: April 2021
Latest news on the Waxhaw area (28173 zip code) real estate market in April and what it means for you…
The Waxhaw area of the Charlotte, North Carolina metro area (the 28173 zip code–encompassing the three towns of Waxhaw, Marvin and Weddington) continued to see tight inventory (dropping 70.5% year-over-year) in April 2021, despite an increase in new listings of 32.6%.
Average days on market decreased 15 days to 29 days year-over-year. Median days on market were 3 days in April, down 8 days year-over-year.
Continued tight inventory and a months supply of homes of 0.8 months (a 2.7 month’s drop from 3.5 months one year ago), kept the Waxhaw area a seller’s market.
With home sellers receiving a median 101.2% of list price in final sale price (up 2.4% year-over-year) there was virtually no room for home buyers to negotiate in April 2021. And with more than half of the homes sold selling at over 100% of asking price or more, there was no negotiating room at all.
Home sale prices increased 0.8%, on average, in April compared with the same month one year ago. The average sale price was $537,570. The median sale price was $440,540. Both average and median sale prices increased month-over-month.
Price per square foot increased 15.5% to $171/square foot (up $23/square foot) in April versus the same month one year ago.
Closed sales increased 35.2% while pending sales increased 42.2% in April 2021 compared with the same month one year ago. An increase of 32.6% in new listings helped push both closed and pending sales higher. The higher sales also show how much home sales have bounced back in April 2021 a year after pandemic-related lockdowns essentially put real estate activity on pause in April 2020.
Want to know what this would mean for your family if you decide to buy or sell a Waxhaw area 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 ABOUT THE WAXHAW HOUSING MARKET’S PERFORMANCE
MORE INFOMATION ABOUT THE WEDDINGTON HOUSING MARKET’S PERFORMANCE
MORE INFORMATION ABOUT THE MARVIN HOUSING MARKET’S PERFORMANCE
Waxhaw Area Housing Market Highlights:
April 2021 versus April 2020
FIND OUT MORE ABOUT THE WAXHAW | WEDDINGTON | MARVIN AREAS AND WHY PEOPLE LOVE LIVING THERE
Did You Know…
Weddington is ranked as the 4th best suburb to live in in Charlotte metro area and the 10th best suburb in North Carolina?
Marvin is ranked as the 8th best suburb to live in in Charlotte metro area and the 16th best suburb in North Carolina?
Waxaw is ranked as the 12th best suburb to live in in Charlotte metro area and the 24th best suburb in North Carolina?
… So why not check out…
THE 12 HOTTEST SELLING NEIGHBORHOODS IN THE WAXHAW AREA
SEARCH ALL WAXHAW | WEDDINGTON | MARVIN AREA HOMES
FREE Home Buyer Guide: “Things To Consider When Buying A Home,”
WONDERING WHAT YOUR WAXHAW AREA 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 Price Trends In Waxhaw | Weddington | Marvin
This Charlotte, North Carolina real estate monthly update for Waxhaw, Weddington, Marvin is provided by Nina Hollander and Carolinas Realty Partners, Coldwell Banker Realty, your Greater Charlotte area residential real experts and Waxhaw/Weddington/Marvin area specialists. We’ve been opening doors for Waxhaw area home buyers and sellers for 20+ years.
If you’re considering selling or purchasing a home in the Waxhaw area 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.”
