Matthews NC Home Values Report 2025 Update
Did Matthews NC home values increase or decrease in 2024? Is Matthews a buyer's market or a seller's market? What were home prices in Matthews for luxury homes and new homes? If you are a home seller, this housing market trends report will give you an idea of what your Matthews NC home is worth and what you should know if you decide to sell. If you are a buyer, you'll learn about the real estate market for purchases in Matthews. You can also search for homes for sale in Matthews 28105 and Matthews 28104.
You'll find this home values report useful whether you wish to buy or sell an estate home or a cottage. It includes market trends for luxury homes, affordable homes, and new homes. If you are downsizing to one-level living, you'll find information about ranches in Matthews. The section on homes with acreage will interest you if you prefer room to roam.
If you are curious about the current value of your Matthews home, click on the What's My Matthews NC Home Worth? button below to request an online comparative market analysis. Or call Carol Fox at 704-905-3935 for a detailed opinion of your home value.
All statistics in this report are supplied by the Canopy Multiple Listing Service.
Matthews NC Home Prices
The tables below show market trends for single family homes and condos/townhomes in Matthews. Each table compares the 2023 real estate market with the 2024 market . Statistics are given for each of the two Matthews zip codes. Learn more about the differences between Matthews 28105 and Matthews 28104 here. Click on the button below to search homes for sale in Matthews.
Average and Median Sales Prices for Single Family Homes
28105 | 28104 | |||||
|---|---|---|---|---|---|---|
2023 | 2024 | Change | 2023 | 2024 | Change | |
Average Sales Price | $547,239 | $627,260 | +14.6% | $734,744 | $799,011 | +8.7% |
Median Sales Price | $522,850 | $555,125 | +6.1% | $633,385 | $650,000 | +2.6% |
Average and Median Sales Prices for Condos/Townhomes
28105 | 28104 | |||||
|---|---|---|---|---|---|---|
2023 | 2024 | Change | 2023 | 2024 | Change | |
Average Sales Price | $353,035 | $342,474 | -3% | $345,027 | $356,061 | +3% |
Median Sales Price | $326,500 | $313,750 | -4% | $353,250 | $357,190 | +1.1% |
Matthews NC Home Values Key Takeaways
Buyer's Market or Seller's Market in Matthews NC?
Buying or selling, you need to know whether the market is tilted toward buyers or sellers. Home buyers will have more negotiating strength if there is more than 7 months of inventory on the market. Conversely, sellers have the upper hand if the supply of inventory falls below 5 months.
Does Matthews have a buyer market or a seller market?
The Matthews sellers market roared between 2020 and 2022. It was especially strong in the 28105 zip code where the year 2022 began with 0.7 months supply of homes, 1.3 months in December 2023 while December 2024 ended with only 1.7 months supply. Although weaker, Matthews NC 28104 was also a sellers market with 1.1 months of supply at the beginning of 2022, 3.0 months in June 2023 and 2.4 months in December 2024. The tighter supply accounts for the greater appreciation of Matthews 28105 in 2024. 2025 begins with a sellers market.
How long does it take to sell my home in Matthews?
Other statistics affecting the Matthews market for buyers and sellers are days on market DOM and list to close ratio. On average, homes in both zip codes sell very quickly. Median DOM in both zip codes was similar at 4 in January 2023. By December 2024, DOM had increased to 6 in 28105 and 13 in 28104.
How to close to my asking price will my Matthews home sell?
The strong sellers market is also reflected in the median list to close price ratio. Both zip codes had median ratios of 98-100% list to close ratio. This means that more than half the homes closed higher than asking showing the impact of low inventory and multiple offers in the marketplace.
Matthews NC Property Types Report
Luxury Homes in Matthews NC
Typical example of a Matthews NC luxury home.
You can find luxury homes in Matthews NC. Upscale neighborhoods include golf course communities, gated communities and estate homes on large lots. In this analysis, luxury homes are described as those priced at $1,000,000 and above. The table below compares 2023 and 2024 market activity for luxury homes in zip codes 28105 and 28104.
28105 | 28104 | |||
|---|---|---|---|---|
2023 | 2024 | 2023 | 2024 | |
Closed Sales | 12 | 38 | 93 | 108 |
Heated Area Range | 3988-5503 | 2811-6767 | 3390-10019 | 1696-9414 |
Highest Sales Price | $2,100,000 | $2,280,000 | $2,750,000 | $4,275,000 |
Average Sales Price | $1,250,567 | $1,461,571 | $1,428,238 | $1,431,595 |
Change | +16.8% | +0.2% | ||
Median Sales Price | $1,172,500 | $1,356,129 | $1,325,000 | $1,303,939 |
Change | +15.6% | -1.6% | ||
Average Days on Market | 14 | 29 | 32 | 29 |
Average List to Sale Ratio | 102.4% | 99.2% | 99.9% | 99.3% |
Luxury Homes Key Takeaways
Affordable Homes in Matthews NC
Typical affordable home in Matthews NC.
Affordable homes in Matthews NC are defined as those priced under $400,000. They include both single family homes and townhomes. The 2024 affordable home market including both single family homes and attached homes is summarized in the table below.
28105 | 28104 | |||
|---|---|---|---|---|
2023 | 2024 | 2023 | 2024 | |
Closed Sales | 150 | 114 | 133 | 155 |
Heated Area Range | 0-2964 | 784-2248 | 876-2485 | 908-2728 |
Lowest Sales Price | $225,000 | $82,500 | $164,000 | $175,000 |
Average Sales Price | $335,029 | $328,739 | $339,284 | $344,290 |
Change | -1.9% | +1.4% | ||
Median Sales Price | $349,500 | $331,000 | $348,500 | $350,000 |
Change | -5.5% | +4.3% | ||
Average Days on Market | 24 | 29 | 26 | 26 |
Average List to Sale Ratio | 99.1% | 98.5% | 99.1% | 99.1% |
Affordable Homes Key Takeaways
Ranch Homes in Matthews NC
Typical Polo Club of Matthews patio home.
Do you prefer one-level living? Matthews is a great place to find ranches and patio homes. If you are a baby boomer, senior or retiree, you'll find a number of active adult 55+ communities in Matthews and the surrounding areas.
The table below shows home values for ranches with all rooms on the main level and ranches with a bonus room over the garage. The statistics include both detached single family homes as well as attached townhomes and patio homes.
28105 | 28104 | |||
|---|---|---|---|---|
2023 | 2024 | 2023 | 2024 | |
Closed Sales | 117 | 125 | 135 | 110 |
Heated Area Range | 1010-3817 | 784-4411 | 876-6714 | 908-7605 |
Lowest Sales Price | $275,000 | $82,500 | $164,000 | $175,000 |
Highest Sales Price | $870,000 | $1,427,257 | $1,684,342 | $2,275,000 |
Average Sales Price | $425,974 | $445,583 | $516,400 | $489,943 |
Change | +4.6% | -5.1% | ||
Median Sales Price | $400,000 | $440,000 | $465,000 | $410,400 |
Change | +10% | -13.3% | ||
Average Days on Market | 21 | 20 | 42 | 41 |
Average List to Sale Ratio | 100% | 99.1% | 99.4% | 99% |
Ranch Homes Key Takeaways
Homes with Acreage in Matthews NC
Typical home with acreage in Matthews NC.
Do you prefer living in the country? Or perhaps a suburban neighborhood with privacy and room to garden? You can find homes with acreage in Matthews NC. The table below summarizes Matthews NC home values for properties with at least an acre.
28105 | 28104 | |||
|---|---|---|---|---|
2023 | 2024 | 2023 | 2024 | |
Closed Sales | 18 | 18 | 99 | 48 |
Acreage Range | 1-4.87 | 1-6.15 | 1-9.08 | 1-9.49 |
Closed Price Range | $370,000-$980,000 | $250,000-$1,247,500 | $353,500-$2,750,000 | $365,000-$4,275,000 |
Average Sales Price | $580,988 | $651,383 | $863,342 | $1,069,052 |
Change | +12.1% | +23.8% | ||
Median Sales Price | $534,500 | $602,500 | $760,000 | $825,000 |
Change | +12.7% | +8.5% | ||
Average Days on Market | 61 | 24 | 44 | 41 |
Average List to Sale Ratio | 97.3% | 98% | 99% | 98% |
Acreage Homes Key Takeaways
Thinking about selling your Matthews home?
The supply of homes in Matthews is tight and prices will continue to rise in 2023. A professional market analysis of your home will help you understand Matthews NC home values and get the highest reward from your sale.
Call Carol Fox at 704-905-3935 to schedule a free, no-obligation evaluation of your home's value.
Our experience with Carol was amazing from the time we decided to put our home on the market till the final closing. She walked us through the tricky and complicated real estate process with the utmost professionalism and know-how. We highly recommend her to anyone seeking to sell and market their home.
Greg and Carolyn Phillips
