Mint Hill Real Estate August 2024
Mint Hill Real Estate August 2024 Highlights: What To Know Now
Mint Hill real estate August 2024 saw median and average home prices increase both month-over-month and year-over-year. The number of properties sold increased from one month ago, but declined from one year ago. Days on market dropped 11 days from one month ago and were almost 21% lower than in August 2023. New listings increased a fourth consecutive month to their highest level since October 2023. Housing inventory increased a fourth consecutive month to its highest level since December 2022. The months supply of inventory at 4.11 months, pushed Mint Hill into a more balanced market between buyers and sellers. List to sale price ratio at 99.77% offered Mint Hill home buyers minimal negotiating room on price.
Mint Hill Real Estate: August 2024 Trends
SALE PRICES UP
Average sale price in August 2024 was $605,025, up 4.83% from $577,130 in July 2024. The August 2024 average sale price was 16.96% higher than $517,314 in August one year ago. The August 2024 average sale price was at its highest level compared with August 2023 and 2022.
Median home sale price in August 2024 was $580,750 up 4.17% from $557,500 in the previous month of July. The median sale price increased 14.32% from $508,000 in August 2023. The August 2024 median sale price was at its highest level compared with August 2023 and 2022.
Price per square foot in August 2024 was $223, down 7.08% from $240 one month ago. Year-over-year, the average price per square foot was 5.69% higher than $211 in August one year ago.
DAYS ON MARKET DECLINE A 2ND CONSECUTIVE MONTH
Average days on market in August 2024 were 19 days, declining 11 days from one month ago. Days on market were down 20.83% from 24 days compared with August 2023. Compared with August 2022, average days on market in 2024 were 3 days higher.
MINT HILL HOUSING INVENTORY UP A 4TH CONSECUTIVE MONTH
The number of properties for sale in Mint Hill in August 2024 stood at 156, up 15.56% from 135 in the previous month of July. Inventory was 21.88% higher than the 128 properties for sale in August 2023. Compared with August 2022, housing inventory was higher in August 2024 by 3 properties. August inventory was at its highest level since December 2022 when there were 165 Mint Hill properties for sale.
The months supply of inventory of 4.11 months was flat compared with the previous month of July when it stood at 4.19 months. With 4.11 months supply of inventory in August, Mint Hill moved towards a balanced market between home buyers and sellers.
NEW LISTINGS UP A 4th CONSECUTIVE MONTH
The number of new listings in August 2024 was 52, up 4% from the previous month of July, which saw 50 new listings. Compared with August 2023, new listings declined 11.86% from 59. Compared with August 2022, new listings were higher by three. August’s new listings were at their highest level since October 2023 when there were 55 new listings.
MINT HILL SALES UP MONTH-OVER-MONTH | DOWN YEAR-OVER-YEAR
At 38 sales, Mint Hill sales in August increased 18.75% compared with one month ago, which saw 32 sales. Sales were 11.63% lower in August 2023 compared with August 2023, which saw 43 sales. Sales increased from 36 in August 2022.
LIST TO SALE PRICE RATIO JUST UNDER 100%
With a selling price at 99.77% of list price in August 2024, the list to sale price ratio was relatively flat compared with the prior month of July (99.28%). It was equal to that of August 2023. Mint Hill home buyers did not see much opportunity to negotiate on price in the month of August.
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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 offers 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
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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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: July 2024
Mint Hill Real Estate Update: June 2024
Mint Hill Real Estate Update: May 2024
Mint Hill Real Estate Update: April 2024
Mint Hill Real Estate Update: March 2024
Mint Hill Real Estate Update: February 2024
Mint Hill Real Estate Update: January 2024
