Key Market Insights for Waxhaw, NC in 2025 – A Seller’s Guide
As we approach 2025, Waxhaw’s real estate market has presented some fascinating changes. For sellers and prospective movers, this year’s metrics offer valuable insights into what to expect in Waxhaw and the coveted Millbridge community. Here’s a breakdown of what’s happening and how it could impact your real estate decisions.
Waxhaw Market Trends
The Waxhaw market is seeing dynamic changes, particularly in inventory and days on market. New listings in 2024 jumped by 24.6%, indicating more homeowners are choosing to sell, likely due to rising home prices and shifting market conditions(Waxhaw (7)). Although the number of closed sales saw a slight decrease of 3.4% year-to-date, median sales prices increased by 6.1% to $705,250(Waxhaw (7)). This suggests a market where demand is stabilizing yet remaining competitive, which benefits sellers looking to maximize value.
However, there’s been a significant increase in the days on market, with properties now averaging 72 days before sale—a 213% increase from last year(Waxhaw (7)). This could indicate that while prices are rising, buyers are taking more time to make decisions, possibly due to higher price points and greater inventory availability. Sellers should expect longer timelines but can leverage Waxhaw’s growing appeal and sustained buyer interest to attract serious offers.
Waxhaw vs. Charlotte Market Comparison
Comparing Waxhaw to Charlotte, Waxhaw’s market shows a higher appreciation rate with a 6.1% increase in median sales price year-to-date, compared to Charlotte’s 2.5%(CityofCharlotte (2)). Charlotte has a higher inventory level but a slightly shorter time on market, likely due to its more diverse housing options and robust urban demand. While Charlotte’s average days on market rose modestly to 34 days, Waxhaw’s spike in market time may attract buyers looking for suburban space and a community feel, albeit with more patience
If you’re considering selling or moving to Waxhaw in 2025, connect with us! We’re here to help you navigate these shifting market trends and position your property for success. Reach out for expert guidance on buying or selling in Waxhaw, Millbridge, or Charlotte.