Waxhaw Real Estate Market Update: Key Trends for Millbridge in 2024

The Waxhaw real estate market is making waves this year, with significant changes in inventory, pricing, and buyer activity. Whether you're a Millbridge homeowner, a first-time buyer, or someone planning to sell, these trends could impact your next move.

Key Market Highlights

1. New Listings & Inventory Growth

   • New listings have surged by 21.3%, with 1,031 homes added year-to-date.

   • Inventory of homes for sale has skyrocketed by 82.9%, offering buyers more options than ever.

2. Price Trends

   • The median sales price increased 6.0%, reaching $700,000, while the average sales price climbed 5.6% to $810,551.

   • If you're considering selling in Millbridge, now is an excellent time to capitalize on rising home values.

3. Buyer Activity

   • Pending sales are up 4.2%, signaling steady demand despite rising inventory.

   • Homes are selling for 98.4% of their original list price, emphasizing the importance of strategic pricing.

4. Market Timeframes

   • Days on Market have grown by 48.1%, averaging 40 days year-to-date. While homes are taking longer to sell, buyers remain motivated for well-priced properties.

What This Means for Millbridge

For Sellers:
This is a prime opportunity to showcase your home's value. With prices rising steadily, working with a local real estate expert ensures your home attracts competitive offers.

For Buyers:
The increased inventory gives you a better chance to find your dream home in Millbridge. Staying informed on pricing trends and interest rates will help you make a confident decision.

Take the Next Step

Whether you're buying, selling, or exploring the Millbridge area, the right guidance is essential. Let's discuss how to make the most of this dynamic market!