Waxhaw vs Charlotte Housing Market — and How Millbridge Stands Out (September 2025 Update)
TL;DR — 3 Things You Need to Know
Waxhaw closings are up nearly 15% year-to-date, while Charlotte is flat. Demand for Waxhaw living remains strong.
Charlotte prices are rising, Waxhaw prices are flat, and Millbridge is holding steady at a $600K median.
Millbridge homes sell at ~99% of asking price with just 18 median days on market — faster and stronger than both Waxhaw and Charlotte averages.
Waxhaw Market Snapshot
In 2025, Waxhaw has shown resilience even as inventory builds:
Closings: up 14.7% YTD
Median Price: essentially flat at $728,000 (–1% YoY)
DOM: rising to 52 days on average, signaling more negotiation room.
Waxhaw continues to attract buyers looking for space and newer homes, but pricing power is softening compared to 2024.
Charlotte Market Snapshot
Inside the city, the picture looks a bit different:
Closings: flat YTD (–0.0%)
Median Price: $428,000, up 2.1% YoY
DOM: averaging 41 days, also longer than last year.
Charlotte homes are appreciating modestly but taking longer to sell as supply increases.
Millbridge: Waxhaw’s Standout Neighborhood
Looking specifically at Millbridge over the last 180 days (55 sales):
Median Sale Price: $600,000
Average $/Sq Ft: $202.60
Median Days on Market: 18 (vs Waxhaw’s 52 and Charlotte’s 41)
Sale-to-List Price Ratio: ~99% (some homes even over ask, up to 104%)
Key Insight: While Waxhaw overall has seen more negotiation and longer market times, Millbridge is outperforming. Its newer homes, amenities, and school appeal keep demand high. Sellers see strong list-to-sale performance, and buyers compete hardest on updated, move-in-ready homes.
What This Means for You
For Sellers: Millbridge remains one of the most competitive neighborhoods in Waxhaw. Proper pricing + presentation can mean a fast sale near full price.
For Buyers: Expect less room to negotiate in Millbridge than the broader Waxhaw market. Be prepared to act quickly on well-priced homes.