The Waxhaw area housing market remained a seller’s market in January 2021 with continued significant decreases in inventory. With 62.9% less inventory and fewer new listings, average home sale prices increased and days on market decreased. All of this kept the Waxhaw area a home sellers’ market.
Waxhaw (28173 Zip Code) Home Sales Report: January 2021
Latest news on the Waxhaw area (28173 zip code) real estate market in January and what it means for you…
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 tight inventory (dropping 62.9% year-over-year) in January 2021, coupled with an 11.5% decrease in new listings year-over-year.
Average days on market decreased 14 days to 49 days year-over-year. Median days on market were 7 days in January, down 45 days year-over-year. New construction in Waxhaw keeps the average days on market seemingly high.
Continued tight inventory and a months supply of homes of 1 month (a 2.1 month’s drop from 3.1 months one year ago), kept the Waxhaw area a seller’s market.
With homesellers receiving a median 100% of list price (up 3.8% year-over-year) there was less room for home buyers to negotiate in January 2021 than in the same month the previous year.
Home sale prices (median [$396,632] and average [$472,507]) in January increased 16.4%, on average, and increased 14.3% for median home prices year-over-year.
Price per square foot increased 20% to $162/square foot (up $27/square foot) in January versus the same month one year ago.
Closed sales increased 43.7% and pending sales increased 16.7% in January 2021 compared with the same month one year ago.
Want to know what this would mean for your family if you decide to buy or sell a Waxhaw area home?
Median Home Price Trends In Waxhaw | Weddington | Marvin
This Charlotte, North Carolina real estate monthly update for Waxhaw, Weddington, Marvin is provided by Nina Hollander and Carolinas Realty Partners, Coldwell Banker Realty, your Charlotte metro area residential real experts and Waxhaw/Weddington/Marvin area specialists. 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 Waxhaw area or anywhere in the Charlotte metro area, I’d love an opportunity to earn your business, to exceed your expectations, and to show you how: