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 240 single family homes for sale with an average list price of $711,960.96, 38 townhouses for sale with an average list price of $372,794.74, 3 condos for sale with an average list price of $369,966.67, and 21 lots for sale with an average list price of $1,416,714.24.
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 February decreased in volume by 22.2% when compared to last year, while the median sale price rose by 9.9% from $460,000 to $505,748. House sales decreased by 6.5%, while the median sale price rose by 1.5% from $550,500 to $559,000. Condo sales decreased by 33.3%, while the median sale price rose by 5.3% from $403,000 to $424,500. Townhouse sales decreased by 71.4%, while the median sale price rose by 14.3% from $321,500 to $367,500.
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.