Waxhaw Real Estate 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 home sellers 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?
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Waxhaw Real Estate Highlights
January 2021 vs January 2020
FIND OUT MORE ABOUT THE WAXHAW | WEDDINGTON | MARVIN AREAS AND WHY PEOPLE LOVE LIVING THERE
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?
Waxaw 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…
THE 13 HOTTEST SELLING NEIGHBORHOODS IN THE WAXHAW AREA
SEARCH WAXHAW | WEDDINGTON | MARVIN AREA HOMES
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FREE Home Seller Guide: “Things To Consider When Selling Your House”
Median Home Price Trends In Waxhaw | Weddington | Marvin
This Charlotte, North Carolina Waxhaw real estate January 2021 update is provided by Nina Hollander, Coldwell Banker Realty, Greater Charlotte residential real expert and Waxhaw/Weddington/Marvin area specialist. I’ve been opening doors for Waxhaw area home buyers and sellers since 1999.
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 why experience matters and how:
“The Right Broker Makes All The Difference.”
