Mint Hill Real Estate April 2024

Mint Hill, NC housing market update for April 2024

 

 

Mint Hill Real Estate April 2024 Highlights: What To Know Now

 

Mint Hill real estate April 2024 saw median and average home sale prices improve from April one year ago, while declining from one month ago.  The number of properties sold declined month-over-month and year-over-year.  Days on market declined to under one month and were almost 51% lower than in April one year ago. New listings declined 21.43% from one month ago and 50.75% from one year ago. Housing inventory declined 6.36% from March and 25.36% from April one year ago to its lowest level in more than two years.  The months supply of inventory at  2.86 months, kept Mint Hill back in home seller “territory.” List to sale price ratio at 99.72% provided Mint Hill home buyers minimal negotiating room on price.

 

 

 Mint Hill Real Estate April 2024 Trends

Mint Hill, NC housing market trends for April 2024

 

SALE PRICES DECLINED MONTH-OVER-MONTH | INCREASED YEAR-OVER-YEAR

Average sale price inApril 2024 was $517,155, down 6.8% from $554,889 in March 2024 and 2.26% higher than $505,746 in April one year ago. The April 2024 average sale price was at its highest level compared with March 2023 and 2022.

 

Median home sale price in April 2024 was $479,750, down 10.33% from $535,000 in the previous month of March and 1.53% higher than $472,500 in April 2023. The April 2024 median sale price was at its highest level compared with April 2023 and 2022.

 

Price per square foot in April 2024 was $227, down 2.16% from $232 in the previous month of March. Year-over-year, the average price per square foot was 8.1% higher than $210 in April one year ago. 

 

DAYS ON MARKET DECLINED TO UNDER ONE MONTH

Average days on market in April 2024 were 28 days, down 33.33% from 42 days one month ago. Days on market were down 50.88% from 57 days compared with April 2023. Compared with April 2022, average days on market in 2024 were 5 days higher.

 

MINT HILL HOUSING INVENTORY DOWN MONTH-OVER-MONTH & YEAR-OVER-YEAR

The number of properties for sale in Mint Hill in April 2024 stood at 103, down 6.36% from 110 in the previous month of March. Inventory was 25.36% lower than the 138 properties for sale in April 2023. Compared with April 2022, housing inventory was lower in 2024 by 19 properties. This was the lowest level of inventory in Mint Hill since February 2022, which had 91 properties for sale.

 

The 2.86 months supply of inventory was flat compared with the previous month of March. The months supply of inventory was at its lowest level in April 2024 compared with April 2023 and 2022. With a 2.86 months supply of inventory in April, Mint Hill remained in home seller “territory.”

 

NEW LISTINGS DECLINED ALMOST 51% YEAR-OVER-YEAR

The number of new listings in April 2024 was 33, down 21.43% from the previous month of March, which saw 42 new listings. Compared with April 2023, new listings declined 50.75% from 67. Compared April 2022, new listings declined by 31 homes from 64. The April 2024 listings were at their lowest level compared with April 2023 and 2022.

 

MINT HILL SALES DOWN MONTH-OVER-MONTH & YEAR-OVER-YEAR

Sales declined 16.28% to 36 from 43 closed sales one month ago and one year ago. Sales also declined from 39 in April 2022. April 2024 sales were at their lowest level compared with April 2023 and 2022.

 

LIST TO SALE PRICE RATIO JUST UNDER 100%

With a selling price at 99.72% of list price in April 2024, the list to sale price ratio was flat compared with one month ago and one year ago. Mint Hill home buyers did not see much opportunity to negotiate on price in the month of April.

 

Want to know what this would mean for your family if you decide to buy or sell a Mint Hill home?

 

Contact Nina Hollander if you're curious about the Greater Charlotte real estate market

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Call me today at 704-779-0813 or contact me here.

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MORE INFORMATION ON THE MINT HILL HOUSING MARKET’S PERFORMANCE

 

MEDIAN HOME SALE PRICE TRENDS FOR MINT HILL

(12 Month Rolling Average)

 

The Town of Mint Hill has been ranked by Niche.com as the #21 best Charlotte area suburb to live in. Did you know that Mint Hill  (not Charlotte) was Mecklenburg County’s first town, founded in 1750 by Scot-Irish pioneers? Learn more about the rich history of Mint Hill.

 

WELCOME TO MINT HILL: VIDEO

 

Discover Mint Hill, NC: One Of The Best Small Towns In North Carolina

Welcome to Mint Hill, a charming suburb situated just southeast of Charlotte, North Carolina. With its blend of small-town charm and modern conveniences, Mint Hill offers a tranquil escape while keeping you connected to the vibrant energy of the city.

 

Small-Town Atmosphere, Big-City Convenience

Mint Hill boasts a welcoming atmosphere that feels like coming home. Picture tree-lined streets, friendly neighbors, and a strong sense of community spirit. Whether you’re strolling through the historic downtown area or attending one of the many local events and festivals, you’ll quickly feel a sense of belonging in this community.

 

Along with its small-town charm, Mint Hill offers all the conveniences and amenities you could ask for. From top-rated schools and healthcare facilities to shopping centers and recreational opportunities, everything you need is right at your fingertips. And with Charlotte just a short drive away, you’ve got access to world-class dining, entertainment, and employment opportunities.

 

Natural Beauty and Outdoor Recreation

Nature enthusiasts will feel right at home in Mint Hill. It features lush parks, scenic trails, and picturesque lakes. Whether you enjoy hiking, biking, fishing, or simply taking in the sights and sounds of nature, there’s no shortage of outdoor adventures to be had here.

 

One of Mint Hill’s crown jewels is the stunning Stevens Creek Nature Preserve, offering miles of trails through pristine woodlands and meadows. It’s the perfect place to escape the hustle and bustle of everyday life and reconnect with the great outdoors.

 

Diverse Housing Options

Whatever your lifestyle or budget, Mint Hill offers a wide range of housing options to suit your needs. From spacious single-family homes in family-friendly neighborhoods to low-maintenance townhomes and condominiums, there’s something for everyone here. Whether you’re a first-time buyer, empty-nester, or growing family, you’re sure to find the perfect place to call your own in Mint Hill.

 

MINT HILL MAP/BOUNDARIES

Mint Hill, NC map/boundaries

 

 Contact Nina Hollander with Coldwell Banker Realty if you’d like more information about the buying or selling a home in Mint Hill. (or in any Greater Charlotte neighborhood, for that matter). I’ve been opening doors for Mint Hill and Greater Charlotte home buyers and sellers since 1999.

 

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FIND OUT WHAT YOUR GREATER CHARLOTTE AREA HOME IS WORTH IN TODAY’S MARKET 

Wondering what your home in Mint Hill is worth?

 

If you’re considering purchasing or selling a home in the Greater Charlotte  area, I’d love an opportunity to earn your business, to exceed your expectations, and to show you why experience matters and how:

“The Right Broker Makes All The Difference.”

 

 

PREVIOUS MINT HILL REAL ESTATE UPDATES

Mint Hill Real Estate Update: March 2024

Mint Hill Real Estate Update: February 2024

Mint Hill Real Estate Update: January 2024

Mint Hill Real Estate Update: December 2023         

Mint Hill Real Estate Update: November 2023

Mint Hill Real Estate Update: October 2023