Saint Matthews Real Estate Market Update – November 2025

Market Snapshot

Active Listings: 90 homes are currently on the market, averaging $618,873 and spending about 46 days on the market.

Closed Sales: 39 homes sold, averaging $514,810, and taking just over 30 days to sell.

Pending Sales: 10 homes are under contract, averaging $747,090 and moving in only 17 days.

Cancelled Listings: 18 homes were cancelled, averaging $701,105 and lasting around 58 days on the market.

Expired Listings: 1 home expired unsold, averaging $215,000 and spending 160 days on the market.

Key Trends

1. The Saint Matthews market remains active, with 39 homes closing in November and homes selling in just over a month on average.

2. Pending homes are moving quickly — averaging 17 days on market — and show continued demand, particularly in higher price ranges.

3. Active listings are priced significantly higher than the closed average, which could slow absorption if buyers resist higher prices.

4. Cancelled and expired listings reinforce the impact of pricing strategy, especially as the market cools slightly heading into the holidays.

What This Means

For Buyers: The Saint Matthews market still offers strong inventory options, but desirable homes are moving fast. Buyers should be ready to act quickly on well-priced listings, especially those under $600,000.

For Sellers: Homes priced correctly are selling in about 30 days, while overpriced ones are sitting longer or being pulled. With pending sales averaging over $740,000, motivated buyers are still active — but strategy matters more than ever.

Final Thoughts

The Saint Matthews market in November 2025 remains steady, even as we move into the slower season. Homes priced competitively continue to sell quickly, while overpricing can lead to cancellations or long days on market. The message for sellers is clear: price strategically to take advantage of buyer demand before year-end.