Maurice Barnes' Market Report

Matthews, NC

Single-Family Homes

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



Matthews, NC

Sun Jul 14 2024
This week the median list price for Matthews, NC is $699,000 with the market action index hovering around 54. This is an increase over last month's market action index of 52. Inventory has held steady at or around 99. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Matthews, NC

Sun Jul 14 2024
This week the median list price for Matthews, NC is $699,000 with the market action index hovering around 54. This is an increase over last month's market action index of 52. Inventory has held steady at or around 99. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Real-Time Market Profile

Never miss important changes in the Matthews market.
Median List Price $699,000
Median Price of New Listings $725,000
Per Square Foot $243
Average Days on Market 71
Median Days on Market 35
Price Decreased 40%
Price Increased 2%
Relisted 5%
Inventory 99
Median Rent
Market Action 54
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
$1,335,000 4,403 1 - 2.5 acres 5 4.3 17 5 5 42
$793,840 3,202 0.5 - 1 acre 4 3.5 9 8 4 21
$597,000 2,545 0.25 - 0.5 acre 4 2.5 29 3 9 42
$450,000 2,011 0.25 - 0.5 acre 4 2.5 30 8 9 14