Maurice Barnes' Market Report

Matthews, NC

Single-Family Homes

Keller Williams Realty | 704-610-4112 | maurice.barnes@kw.com



Matthews, NC

Sat Mar 02 2024
This week the median list price for Matthews, NC is $637,450 with the market action index hovering around 51. This is an increase over last month's market action index of 44. Inventory has decreased to 46. Click here to stay informed with the Matthews market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Matthews, NC

Sat Mar 02 2024
This week the median list price for Matthews, NC is $637,450 with the market action index hovering around 51. This is an increase over last month's market action index of 44. Inventory has decreased to 46. Click here to stay informed with the Matthews market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Matthews market.
Median List Price $637,450
Median Price of New Listings $567,450
Per Square Foot $235
Average Days on Market 109
Median Days on Market 49
Price Decreased 37%
Price Increased 4%
Relisted 7%
Inventory 46
Median Rent
Market Action 51
Strong Seller's Market

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$1,550,000 5,135 1 - 2.5 acres 4 4 3 2 2 49
$713,990 2,992 0.25 - 0.5 acre 4 3.5 20 2 1 245
$592,500 2,749 0.25 - 0.5 acre 4 3 24 2 4 56
$425,000 1,869 0.25 - 0.5 acre 3 2.5 33 4 3 14