Matthews NC Home Values
If your family is like most families, your Matthews NC home is your largest financial asset. You may be wondering about Matthews NC home values. The information on this site can help you understand the real estate market and how it affects the value of your home.
Take a look at the numbers below and you will see there's never been a better time to sell your Matthews home. There are many buyers in the marketplace with very few homes to purchase. This results in multiple offers and quick sales on homes in good condition and priced correctly. This means that your home is probably worth more than it has ever been.
Carol Fox's expertise in this fast-moving market can help you maximize your equity and get the best return on your real estate investment.
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Matthews NC Home Values and Market by the Numbers
As a home seller, you should be aware of market trends because they are a factor in determining Matthews NC home values. Here is a three-year summary of the Matthews real estate market by the numbers.
Median Prices
The median price increased 37.4% from 2021 to 2023 in 28105 and 24.6% in 28104. Why are median home values in Matthews 28104 so much higher than in 28105? It has to do with the fact that there is space for a lot of new construction in 28104 and homes are younger overall in the 28104 zip code.
28105 | 28104 | ||||
|---|---|---|---|---|---|
1-2021 | 1-2022 | 1-2023 | 1-2021 | 1-2022 | 1-2023 |
$319,750 | $372,000 | $439,450 | $428,000 | $450,000 | $533,565 |
Closed Sales
The number of closed sales declined from 2021 to 2023 in both zip codes. Lower inventory of homes translates into higher prices for Matthews area home sellers.
28105 | 28104 | ||||
|---|---|---|---|---|---|
1-2021 | 1-2022 | 1-2023 | 1-2021 | 1-2022 | 1-2023 |
815 | 795 | 644 | 842 | 846 | 713 |
Days on Market
Matthews homes sell very quickly if they are priced correctly and in good condition. There has never been a better time to sell your Matthews home. As of January 2023, median days on market was 4 in both zip codes.
28105 | 28104 | ||||
|---|---|---|---|---|---|
1-2021 | 1-2022 | 1-2023 | 1-2021 | 1-2022 | 1-2023 |
5 | 3 | 4 | 8 | 4 | 4 |
Homes for Sale
Although the number of homes available for sale is historically low in both zip codes, the rise in the number of homes for sale in 2023 reflects the impact of higher interest rates since 2022.
28105 | 28104 | ||||
|---|---|---|---|---|---|
1-2021 | 1-2022 | 1-2023 | 1-2021 | 1-2022 | 1-2023 |
86 | 50 | 70 | 121 | 83 | 156 |
Months Supply--Buyers Market or Sellers Market in Matthews?
A balanced market is one that has six to seven months supply of homes for sale. A sellers market has fewer than six months supply while a buyers market has more than seven. The market in Matthews has been a sellers market a number of years. While the supply of homes for sale loosened a bit in 2023, the market can still be considered an extreme sellers market. The large increase in median prices in both zip codes reflect the seller's market.
28105 | 28104 | ||||
|---|---|---|---|---|---|
1-2021 | 1-2022 | 1-2023 | 1-2021 | 1-2022 | 1-2023 |
1.3 | 0.8 | 1.2 | 1.8 | 1.1 | 2.5 |
Conclusion: Matthews NC home values are rising and it's a great time to sell your home.
Ready to Sell?
Are you ready to sell your Matthews NC home? Please contact me for a more detailed opinion of value and a description of my real estate services for sellers. Just click on the button below to contact me via email or feel free to give me a call at 704-905-3935.
I am Carol Fox, a licensed real estate broker specializing in Matthews NC and the surrounding areas. I am the owner of Carolinas Small Town Living, Inc. and associated with Allen Tate Realtors. I hope to help you find the perfect home in the Matthews area. If you need to sell your Matthews area home, I can help you get the greatest reward from your investment. Give me a call at 704-905-3935 or email me today.
