Matthews, North Carolina, is a charming town located in southeastern Mecklenburg County, serving as a suburb of Charlotte. Established in the early 19th century, Matthews originally bore the nickname "Stumptown" due to the numerous tree stumps left from clearing land for cotton farms. It was later renamed Fullwood after the first postmaster, John Miles Fullwood, before being officially incorporated as Matthews in 1879, named in honor of Edward Matthews, a director of the Central Carolina Railroad. The town has preserved its historical essence while evolving into a vibrant community, boasting one of North Carolina's best-preserved historic commercial districts. Today, Matthews hosts a population of around 30,000 and is known for its friendly atmosphere, diverse local businesses, and cultural events like the Matthews Alive Festival. The town's recreational offerings include the Four Mile Creek Greenway and the Matthews Sportsplex, home to the Stumptown Athletic soccer club.
Matthews currently has 256 single family homes for sale with an average list price of $725,077.09, 40 townhouses for sale with an average list price of $380,033.75, 3 condos for sale with an average list price of $361,633.33, and 23 lots for sale with an average list price of $1,340,739.09.
Using the absorption rate, we can determine how long it's taking for homes to sell and which price points are selling the fastest in Matthews, i.e. what's hot and what's not.
See What's Hot & What's Not in MatthewsMatthews home sales for the month of March rose in volume by 22% when compared to last year, while the median sale price decreased by 1.8% from $553,000 to $543,250. House sales rose by 21.6%, while the median sale price decreased by 3.4% from $602,700 to $582,500. Condo sales stayed the same, while the median sale price decreased by 19.4% from $480,000 to $387,000. Townhouse sales rose by 28.6%, while the median sale price rose by 32.8% from $305,000 to $405,000.
1367
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1080
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840
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867
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2021 | 2022 | 2023 | 2024 |
# of sales per year |
$385,000
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$455,000
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$500,000
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$530,000
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2021 | 2022 | 2023 | 2024 |
median sale price per year |
HomesByMarco agents are experts in the area. If you're looking to buy or sell a home, give us a call today at 888-326-2726.