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Friday, November 1, 2024

What happened to the median home price in Matthews during March 2021?

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The median sale price of a home sold in March 2021 in Matthews fell by $229,000 while total sales decreased by 33.3%, according to BlockShopper.com.

In March 2021, there were two homes sold, with a median sale price of $357,000 - a 39.1% decrease over the $586,000 median sale price for the same period of the previous year. There were three homes sold in Matthews in March 2020.

The median sales tax in Matthews for the most recent year with available data, 2019, was $2,181, approximately 0.6% of the median home sale price for March 2021.

The following table compares Matthews to other Union County cities with similar median sale prices in March 2021:

CityMar. 2021 Home SalesMar. 2020 Home Sales% change (Total Home Sales)Mar. 2021 Median Sales PriceMar. 2020 Median Sales Price% change (Median Sales Price)
Weddington12120%$828,500$594,50039.4%
Marvin9580%$825,000$515,00060.2%
Waxhaw54523.8%$470,000$360,00030.6%
Wesley Chapel5425%$462,000$458,0000.9%
Matthews23-33.3%$357,000$586,000-39.1%
Stallings1620-20%$322,500$283,50013.8%
Hemby Bridge110%$310,500$309,5000.3%
Indian Trail574526.7%$304,000$268,50013.2%
Unionville45-20%$300,000$283,0006%
Lake Park4333.3%$268,750$230,00016.8%
Fairview31200%$250,000$235,0006.4%

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