Matthews Real Estate: May 2023

 

AVERAGE & MEDIAN HOME SALE PRICES UP BY DOUBLE DIGITS YEAR-OVER-YEAR & MONTH-OVER-MONTH

Average sale price in May 2023 was $571,168, increasing 16.3% from $491,117 in April 2023. May’s average sale price increased 20.42% year-over-year from $474,320. The May 2023 average sale price was at its highest level compared with May 2022 and May 2021.

 

Median home sale price in May 2023 was $530,500, which was 15.03% higher than $461,200 in April 2023. Year-over-year, median home sale prices increased 19.48% from $444,000 in May 2022. The May 2023 median home sale price was at its highest level compared with May 2022 and May 2021.

 

Price per square foot in May 2023 was $215, up from $209/square foot in April 2023 and equal to the price per square foot in May 2022.

 

DAYS ON MARKET IN MATTHEWS DECLINED 70% FROM APRIL 2023

Average days on market in May 2023 were 18 days, declining 70% from 60 days in April 2023 and up 9 days from May 2022. This was the lowest number of days on market in Matthews since November 2022, when DOM were 12 days.

 

MATTHEWS HOUSING INVENTORY DECLINED FOR A THIRD CONSECUTIVE MONTH

The number of properties for sale in May 2023 was 130, down 4.41% from 136 homes in April 2023. Inventory was 3.17% higher than the 126 properties for sale in May 2022. The May 2023 inventory was at its highest level compared with May 2022 (126 listings) and May 2021 (118 listings). Housing inventory in Matthews declined for a third consecutive month and was second lowest since June 2022.

 

NEW LISTINGS IN MATTHEWS DECLINED A THIRD CONSECUTIVE MONTH

The number of new listings in May 2023 was 46, down 19.3% from the previous month’s 57 listings.  New listings were 35.21% lower than what we saw in May 2022 (71 new listings) and in May 2021 (64 new listings). The May 2023 new listings were at their lowest level compared with May 2022 and May 2021.

 

MATTHEWS SALES INCREASED MONTH-OVER-MONTH

Sales increased in May 2023 to 56 from 37 in April 2023. Sales declined from 69 in May 2022 and 64 in May  2021. 

 

LIST TO SALE PRICE RATIO JUST UNDER 101%

With a selling price at 100.76% of list price, May’s ratio increased 0.21% from April 2023, but was down from 105.37% in May 2022.

 

 

Want to know what this would mean for your family if you decide to buy or sell a Matthews 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 ON THE MATTHEWS HOUSING MARKET’S PERFORMANCE

 

 Matthews and the 28105 zip code remains a home seller’s market and a competitive environment for affordable homes for home buyers in Matthews, North Carolina.

 

 Did you know Matthews, North Carolina was ranked as the #11th best Charlotte suburb to live in and the #18th best suburb in North Carolina to live in? So why not…

 

 CHECK OUT 7 OF THE HOTTEST NEIGHBORHOODS IN MATTHEWS 

 

SEARCH ALL MATTHEWS, NC AREA HOMES FOR SALE

 

 

 FREE Home Buyer Guide: “Things To Consider When Buying A Home”

 

WONDERING WHAT YOUR MATTHEWS, NC 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 Sale Price Trends For Matthews Homes

 

This Charlotte, North Carolina real estate monthly update for Matthews, NC is provided by Nina Hollander and Carolinas Realty Partners, Coldwell Banker Realty,  Greater Charlotte area residential real estate experts and Matthews specialists. We’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:

“The Right Broker Makes All The Difference.”