Foreclosure Homes in Matthews, NC

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View this home at Whitefriars Ln Matthews NC 28105
$467,055 EMV
Whitefriars Ln
Matthews, NC 28105
3 |
EST. RENT: $1,580
AUCTION: 05-06-2024
3 |
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Matthews, NC Foreclosures

How much do homes sell for in Matthews, NC?
The average home price is currently $518,412.
In Matthews, NC, how many homes are available?
There are currently 22,868 active home listings available in Matthews.
What’s the average rental cost in Matthews, NC?
The average rental price in Matthews is $1,697.
What is the most expensive home in Matthews, North Carolina?
The most expensive home sold in Matthews had a price of $9,255,394.
What is currently the cheapest priced home in Matthews, NC?
The cheapest home for sale in Matthews is priced at $26,398.

Home Value Estimator For Matthews, NC

There are currently 22,868 real estate properties in Matthews, NC, with a median automated valuation model (AVM) price of $443,229.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Matthews, NC, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Matthews, NC, is $518,412.00, with the most expensive house in Matthews, NC, topping out at $9,255,394.00 and the cheapest home in Matthews, NC, clocking in at $26,398.00. In other words, there’s something for every potential homebuyer or savvy investor in Matthews, NC!

Rent Prices In Matthews, NC

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Matthews, NC, is on a rollercoaster ride. The average rent price in Matthews, NC, is $1,697.00. Indeed, when looking to rent in Matthews, NC, you can expect to pay as little as $620.00 or as much as $4,000.00, with the average rent median estimated to be $1,590.00. The good news is that finding an affordable and desirable property to rent in Matthews, NC -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Top Reasons To Live In Matthews, NC In 2024

Matthews is located in Mecklenburg, North Carolina, with an estimated municipal population of 33,138 residents. All of the best foreclosed homes for sale in Matthews are located in the following zip code areas on 28105 28106. The estimated population per square kilometer (.62 miles) in Matthews is 747.

Cost Of Living In Matthews, NC

So, about how much do homes cost in Matthews? The most recent median value of resident-owned homes in Matthews is 265,098. An estimated 71.7 percent of households in Matthews own their homes, with an average family size of 3.2. The median household income in Matthews is 84,594, with41.5 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Matthews, the median commute time of resident workers (in minutes) is 28.9. And last, but certainly not least, are you looking for homes to rent in Matthews? If so, the average rent price paid by renters in Matthews is 1,279, according to recent statistics.

Diversity And Demographics In Matthews, North Carolina

Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Matthews, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.

The median age of residents in Matthews is 40.9, split between 49.5 percent male versus 50.5 female. The percentage of residents who report being married in Matthews is 57.3, with an average family size of 3.2.

The percentage of residents who report their race in Matthews is as follows:

White 78.9%
Black / African American 10.1%
Asian 4.1%
American Indian / Alaskan Native 0.4%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 3%
Other 3.4%

Looking for family-friendly neighborhoods in and/or near Matthews? Or maybe you are searching for 55+ active adult communities in and/or near Matthews?

The percentage of residents who report their age in Matthews is as follows:

Under 10 12.1%
Aged 10-19 11.2%
20s 13.8%
30s 12.1%
40s 12.1%
50s 15.8%
60s 10.9%
70s 7.1%
80+ 5.2%

Best Schools In Matthews, North Carolina

It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Matthews with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Matthews.

Pros And Cons Of Living In Matthews, North Carolina

How do you know that living in -- or moving to -- Matthews is right where you need to be? Perhaps you grew up in Matthews or already live nearby; therefore, the decision to buy a home in Matthews is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Matthews for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.

Here are some questions to ask yourself when shopping for foreclosed homes for sale in Matthews:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Matthews.

Reasons To Move To Matthews, North Carolina, In 2024

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Matthews can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Matthews, meanwhile, can field multiple offers from more qualified buyers.

Matthews, NC Foreclosures


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