Matthews Real Estate February 2025
Matthews Real Estate February 2025: What To Know Now
Matthews real estate February 2025 saw home sale prices improve year-over-year. Month-over-month average sale price was flat; median sale price declined. With home sale prices in Matthews area ranging from the mid-$300,000’s to just under $1.7 million in February 2025, the month-over-month decline in median sale price is more likely a result of the price mix of homes sold rather than an actual decrease in property values in the 28105 zip code. Average days on market increased 10 days month-over-month and increased 29 days year-over-year. Housing inventory increased after four consecutive months of declines. The number of new listings also increased in February 2025, both month-over-month and year-over-year. List to sale price ratio improved from January by 0.59%, but declined 1.52% from February 2024. Despite more inventory and new listings, the higher list to sale price ratio of over 99% provided Matthews home buyers few opportunities to negotiate on price. After three consecutive months of declines, Matthews sales increased 33+% in February 2025, but declined 12.2% from February one year ago. The months supply of inventory also declined despite higher levels inventory and new listings to 4.42 months from 5.65 months in the prior month. This kept Matthews in a balanced market between home buyers and sellers.
MATTHEWS REAL ESTATE FEBRUARY 2025 HIGHLIGHTS
MATTHEWS HOME SALE PRICES
Average sale price in February 2025 was $562,384, flat month-over-month. February’s average sale price increased 2.76% year-over-year from $547,289.
Median home sale price in February 2025 was $495,374, down 14.41% from $590,000 in the previous month of December. With home sale prices in Matthews area ranging from the mid-$300,000’s to just under $1.7 million in February 2025, the month-over-month decline in median sale price is likely a result of the price mix of homes sold rather than an actual decrease in property values in the 28105 zip code. Year-over-year, median home sale price improved 9.6% from $452,000 in February 2024. The February 2025 median sale price was at its highest level compared with January 2024 and 2023.
Price per square foot in February 2025 was $246, up 1.65% from $242 in the previous month. Price per square foot was 5.13% higher than $234 in February 2024. The average price per square foot increased for a fourth consecutive month in February 2025.
MATTHEWS DAYS ON MARKET UP
Matthews average days on market in February 2025 were 47 days, up 10 days from the previous month. Year-over-year, average days on market increased 29 days. Compared with February 2023, average days on market were 11 days higher in 2025.
MATTHEWS HOUSING INVENTORY UP AFTER 4 CONSECUTIVE MONTHS OF DECLINES
The number of properties for sale in February 2025 was 159, up 7.43% from 148 properties in January 2025. Inventory was up 31.4% from February one year ago (121 properties). The number of properties for sale in February 2025 was also higher than in February 2023, which saw 119 properties for sale.
Despite an increase in inventory and new listings, February 2025 months supply of inventory declined to 4.42 months from 5.65 months one month ago, keeping Matthews a balanced market between home buyers and home sellers.
NEW LISTINGS IN MATTHEWS UP
The number of new listings in February 2025 rose to 57, up 42.5% from the previous month’s 40 new listings. New listings were 14% higher than what we saw in February 2024, which saw 50 new listings. Compared with February 2023, new listings were higher by 26 properties in 2025.
MATTHEWS SALES UP MONTH-OVER-MONTH
After three consecutive months of declines, home sales increased 33.33% in February 2025 to 36 from 27 sales in the previous month of January. Sales were lower than the 41 sales in February 2024. Compared with February 2023, which saw 36 sales, February 2025 sales were equal.
MATTHEWS LIST TO SALE PRICE RATIO OVER 99%
The February 2025 list to sale price ratio increased to 99.16% from 98.57% one month ago. The list to sale price ratio declined from February one year ago when it stood at 100.68%.
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This Charlotte, North Carolina Matthews real estate update is provided by Nina Hollander with Coldwell Banker Realty, Greater Charlotte residential real estate expert and Matthews specialist. I’ve been opening doors for Matthews home buyers and sellers since 1999.
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 why experience matters and how:
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PREVIOUS MATTHES REAL ESTATE REPORTS
Matthews Real Estate Report: January 2025
