Matthews real estate market in June 2023 saw much higher home sale prices year-over-year. Days on market increased dramatically from May 2023 and compared to May 2022. Housing inventory increased slightly over May 2023, but was down year-over-year. List to sale price ratio increased to over 101%. Closed sales declined month-over-month and year-over-year, but were still at their second highest level since October 2022.
Matthews Real Estate Market Highlights: June 2023
MEDIAN HOME SALE PRICES UP 28+% YEAR-OVER-YEAR
Average sale price in June 2023 was $550,541, decreasing slightly 1.62% from $559,615 in May 2023. June’s average sale price increased 10.66% year-over-year from $497,520. The June 2023 average sale price was at its highest level compared with June 2022 and June 2021.
Median home sale price in June 2023 was $577,950, which was 9.88% higher than $526,000 in May 2023. Year-over-year, median home sale price increased 28.4% from $450,125 in June 2022. The June 2023 median home sale price was at its highest level compared with June 2022 and June 2021. The median sale price in June was also at its highest level since June 2020.
Price per square foot in June 2023 was $222, up from $216/square foot in May 2023 and 2.3% higher than $217 in June 2022. June’s price per square foot was at its highest level since June 2020.
DAYS ON MARKET IN MATTHEWS INCREASED FROM MAY
Average days on market in June 2023 were 45 days, increasing from 17 days in May 2023 and increasing 39 days compared with June 2022. June’s days on market were at their highest level compared with June 2022 (9 days on market) and June 2021 (4 days on market).
MATTHEWS HOUSING INVENTORY INCREASED SLIGHTLY FROM MAY | DECREASED YEAR-OVER-YEAR
The number of properties for sale in June 2023 was 135, up 3.85% from 130 homes in May 2023. Inventory was 6.25% lower than the 144 properties for sale in June 2022.
NEW LISTINGS IN MATTHEWS DOWN YEAR-OVER-YEAR | UP MONTH-OVER-MONTH
The number of new listings in June 2023 was 58, up 26.09% from the previous month’s 46 listings. New listings were 29.27% lower than what we saw in June 2022 (82 new listings) and in June 2021 (79 new listings). The June 2023 new listings were at their lowest level compared with June 2022 and June 2021.
Sales declined in June 2023 to 54 from 63 in May 2023. Nonetheless, June’s sales were at their second highest level since October 2022 when they also stood at 54. Sales declined from 82 in June 2022 and 83 in June 2021.
LIST TO SALE PRICE RATIO OVER 101%
With a selling price at 101.57% of list price, June ratio increased slightly from May 2023 when it was just under 101%, but was down from 104.36% in June 2022.
Want to know what this would mean for your family if you decide to buy or sell a Matthews home?
This Charlotte, North Carolina real estate monthly update for Matthews, NC 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 for 24+ 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 why experience matters and how: