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Matthews NC Home Values

If your family is like most families, your Matthews NC home is your largest financial asset. You may be wondering about Matthews NC home values. The information on this site can help you understand the real estate market and how it affects the value of your home.  If you are thinking of selling, request a free online market analysis of your Matthews home by clicking the box below.

Matthews NC Home Values and Market by the Numbers

As a home seller, you should be aware of market trends because they are a factor in determining Matthews NC home values.  Here is a three-year summary of the Matthews real estate market by the numbers.  

Median Prices

The median price increased sharply in 2017 to $268,000 in 28105 and $386,340 in 28104.

28105



28104


1-2014

1-2015

1-2016

1-2017

1-2014

1-2015

1-2016

1-2017

$204,000

$205,000

$219,900

$268,000

$266,648

$263,500

$302,500

$386,340

Closed Sales

The number of closed sales each year ranges from the 600s to a high of 704 as of January 2016.  The number of closed sales declined in 2017 in both zip codes, probably a reflection of the dwindling supply of homes for sale.

28105



28104


1-2014

1-2015

1-2016

1-2017

1-2014

1-2015

1-2016

1-2017

675

661

704

615

640

606

676

638

Days on Market

Matthews homes sell very quickly if they are priced correctly and in good condition.  As of January 2017, average days on market was 17 in 28105 and 41 in 28104.  The increase over 2016 in 2017 is probably due to there being more new construction and longer completion times of the new builds in this zip code.

28105



28104


1-2014

1-2015

1-2016

1-2017

1-2014

1-2015

1-2016

1-2017

63

37

18

17

70

42

28

41

Homes for Sale

The number of homes for sale has declined substantially in both zip codes in 2017.

28105



28104


1-2014

1-2015

1-2016

1-2017

1-2014

1-2015

1-2016

1-2017

220

192

149

110

255

266

242

192

Months Supply--Buyers Market or Sellers Market in Matthews?

A balanced market is one that has six to seven months supply of homes for sale.  A sellers market has fewer than six months supply while a buyers market has more than seven.  The market in Matthews has been a sellers market for the past three years.  The supply of homes for sale grew even tighter in 2017.  The large increase in median prices in both zip codes reflect the seller's market.

28105



28104


1-2014

1-2015

1-2016

1-2017

1-2014

1-2015

1-2016

1-2017

4.1

3.6

2.6

1.8

4.9

5.1

4.4

3.1

Conclusion:  Matthews NC home values are rising and it's a great time to sell your home.

Ready to Sell?

Are you ready to sell your Matthews NC home?  Please contact me for a more detailed opinion of value and a description of my real estate services for sellers.  Just click on the button below to contact me via email or feel free to give me a call at 704-905-3935.


Carol Fox, Matthews NC Real Estate Agent

I am Carol Fox, a licensed real estate broker specializing in Matthews NC and the surrounding areas.  I am the owner of Carolinas Small Town Living, Inc. and associated with Allen Tate Realtors.  I hope to help you find the perfect home in the Matthews area.  If you need to sell your Matthews area home, I can help you get the greatest reward from your investment.  Give me a call at 704-905-3935 or email me today.

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