Waxhaw Area Real Estate Report: January 2020

It’s still tight inventory in the Waxhaw area, encompassing the towns of Waxhaw, Weddington, and Marvin in the 28173 zip code. New construction inventory was significantly down (almost 54%) in January 2020. Resale inventory was also significantly down (almost 28%) in January year-over-year. The months supply of homes was down to 2.8 months and average days on market were down by 9 days. Lack of inventory impacted closed sales negatively in the first month of the new year.

Waxhaw Area Real Estate Report: January 2020


Latest news on the Waxhaw area real estate market and what it means for you…

Waxhaw area (28173 zip code) real estate report for January 2020. The Waxhaw area of the Charlotte, North Carolina metro area  (28173 zip code–encompassing the three towns of Waxhaw, Marvin and Weddington) continued to see razor-thin, tight inventory (dropping 26.2% year-over-year). New listings also dropped 19.3% year-over-year in January.

Average days on market decreased 9 days to 63 days year-over-year.  Median days on market were 53 days in January 2020. 

Continued tight inventory and a months supply of homes of 2.8 months ( a 1.2 month’s drop from 4 months one year ago), kept the Waxhaw area a seller’s market. 

With home sellers receiving 96.3% of list price there was some room for home buyers to negotiate in January 2020.

Home sale prices (median [$343,500] and average [$391,812]) in January were down 1.6% on average and up 2.5% for median home prices year-over-year.  Price per square foot increased 3.1% to $135/square foot in January versus the same month one year ago. The slight drop in average home prices in January should not be seen as a drop in Waxhaw area home values… rather it’s more a reflection of the price point of homes sold in the month.

Closed sales decreased 6.8% and pending sales increased 9.2% in January 2020 compared with the same month one year ago. The drop in closed sales can be attributed to the lack of inventory. Resale inventory dropped in January by 27.6%; new construction inventory dropped 53.8%.


Want to know what this would mean for your family if you decide to buy or sell a Waxhaw area home?

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Waxhaw Area Housing Market Highlights: January 2020 vs January 2019


Waxhaw (28173 Zip Code) Real Estate Update: January 2020

Median Home Price Trends In Waxhaw Area


Find Your Waxhaw Area Dream Home


Did You Know…

Weddington is ranked as the 4th best suburb to live in in Charlotte metro area and the 10th best suburb in North Carolina?

Marvin is ranked as the 8th best suburb to live in in Charlotte metro area and the 16th best suburb in North Carolina?

Waxhaw is ranked as the 12th best suburb to live in in Charlotte metro area and the 24th best suburb in North Carolina?




… So why not check out…



Hot Waxhaw Area Neighborhoods


It’s easy to find your Waxhaw | Weddington | Marvin dream home at GreatHomesInCharlotte.com. 

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What’s Your Waxhaw Area Home Worth?

Wondering what your Waxhaw, Weddington or Marvin home is worth in today’s market? Find out by clicking on the picture below.  

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Previous Waxhaw Area Housing Market Updates

Whether You’re Buying Or Selling A Waxhaw Area Home…

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This Charlotte, North Carolina real estate monthly update for Waxhaw, Weddington, and Marvin is provided by Nina Hollander and Carolinas Realty Partners with Coldwell Banker Residential Brokerage, your Waxhaw area specialists and Charlotte metro area residential real estate experts. We’ve been opening doors for Waxhaw  area home buyers and sellers for 20+ years.


If you’re considering selling or purchasing a home in the Charlotte metro area, I’d love an opportunity to earn your business, to exceed your expectations, and to show you how:

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