Matthews (28105 zip code) housing market remained a home seller’s market in April 2021, evidenced by extremely low inventory and with just a one-half month’s supply of inventory and extremely low days on market. Matthews homes are selling as quickly as they come on the market. Both average and median home sale prices increased significantly year-over-year, as did closed and pending sales.
Matthews Housing Market Update: April 2021
Latest news on the Matthews (28105 zip code) real estate market in April and what it means for you…
Matthews housing market continues to see extremely low inventory with the months supply of inventory razor-thin at 0.5 months (down 75% year-over-year from 2 months year-over-year). Inventory of homes was down 71% year-over-year. New home listings increased 46.6% year-over-year. Matthews homes sold in under two weeks, on average.
Average sale prices of homes increased 23.3% year-over-year to $383,677. Median home sale prices increased 19.2% to $365,000 year-over-year. On a month-over-month basis, the median sale price of a home sold in Matthews increased by $53,000. Price per square foot increased 21.4% year-over-year to $170/square foot (up $30/square foot).
Average days on market were a scant 9 days, down 32 days from the same time period one year ago. Days on market were also down 8 days from the prior month. Median days on market decreased 2 days to 3 days versus one year ago. Matthews homes sold almost as quickly as they came on the market in April 2021.
Closed sales increased 16.9% year-over-year. Pending sales increased 83.3% year-over-year. In April 2020 our real estate market was essentially shut down due to pandemic related lockdowns. So it’s no surprise we’re seeing such a huge increase in pending sales year-over-year.
With a median selling price of 102.6% of asking price (up 2.6% over April 2020), buyers should expect minimal to no room to negotiate.
Want to know what this would mean for your family if you decide to buy or sell a Matthews home?