Mint Hill Real Estate February 2024
Mint Hill Real Estate February 2024: Highlights
Mint Hill real estate February 2024 saw both median and average sale prices increase significantly from one month ago and one year ago. The number of properties sold increased from January, but was lower than in February one year ago. Days on market declined to 42 in February from 47 one month ago and declined 34 days from February one year ago. New listings increased by sic homes from the previous month and by nine homes from the previous year. Housing inventory was unchanged from one month ago, but down 20.71% from February one year ago. The months supply of inventory declined to 3.36 months, moving Mint Hill back into home seller “territory.” List to sale price ratio was 98.43%, basically unchanged month-over-month and year-over-year.
Mint Hill Real Estate Trends: February 2024
SALE PRICES UP SIGNIFICANTLY
Average sale price in February 2024 was $630,960, up 29.51% from $487,181 in January 2023 and 26.7% higher than $498,004 in February one year ago. The February 2024 average sale price was at its highest level compared with February 2023 and 2022.
Median home sale price in February 2024 was $590,000, up 19.92% from $492,000 in the previous month of January and 14.56% higher than $515,000 in February 2023. The February 2024 median sale price was at its highest level compared with February 2023 and 2022.
Price per square foot in February 2024 was $224, up 6.16% from $211 in the previous month of January. Year-over-year, the average price per square foot was 10.89% higher than $202 in February one year ago.
DAYS ON MARKET DECLINED
Average days on market in February 2024 were 42 days, declining from 47 days in January 2024, and down 44.74% from 76 days compared with February 2023. Compared with February 2022, average days on market in 2023 were 8 days higher.
MINT HILL HOUSING INVENTORY DOWN YEAR-OVER-YEAR | FLAT MONTH-OVER-MONTH
The number of properties for sale in February 2024 was 111, unchanged compared with the previous month of January. Inventory was 20.7% lower than the 140 properties for sale in February 2023. This was the lowest level of inventory in Mint Hill since March 2022, which also had 104 properties for sale. With a 3.66 months supply of inventory in February, Mint Hill moved back into home seller “territory.”
NEW LISTINGS INCREASED IN MINT HILL
The number of new listings in February 2024 was 43, up by six properties from the 37 new listings in the previous month of January. Compared with February 2023, new listings increased 26.47% from 34. Compared February 2022, new listings increased by one home from 42. The January 2024 listings were at their highest level compared with February 2023 and 2022.
MINT HILL SALES DECLINED YEAR-OVER-YEAR | INCREASED MONTH-OVER-MONTH
Sales increased 26.92% to 33 from 26 closed sales in the previous month of January. Sales declined 10.81% from 37 in February 2023. Sales increased from 26 in February 2022.
LIST TO SALE PRICE RATIO UNCHANGED YEAR-OVER-YEAR & MONTH-OVER-MONTH
With a selling price at 98.43% of list price in February 2024, the list to sale price ratio remained essentially flat compared with the prior month of January and with February one year ago.
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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
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:
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PREVIOUS MINT HILL REAL ESTATE UPDATES
Mint Hill Real Estate Update: January 2024
Mint Hill Real Estate Update: December 2023
