Mint Hill Real Estate January 2024
Mint Hill Real Estate January 2024: Highlights
Mint Hill real estate January 2024 saw median home sale price increase 17.2% from one year ago. Average sale price also increased month-over-month. The number of properties sold declined significantly to their lowest level since November 2022. Days on market increased to 50 in January from 26 one month ago, but declined six days from January one year ago. New listings increased by seven homes from the previous month and year. Housing inventory declined a fourth consecutive month to its lowest level since March 2022. The months supply of inventory increased to 4.33 months, pushing Mint Hill into a balanced market between home buyers and sellers. List to sale price ratio was 97.5%, down 1.06% from one month ago, but equal to that of one year ago.
Mint Hill Real Estate Trends: January 2024
MEDIAN SALE PRICE UP 17+% FROM ONE YEAR AGO
Average sale price in January 2024 was $498,488 down 2.12% from $509,264 in December 2023 and 2.81% higher than $484,867 in January one year ago. The January 2024 average sale price was at its highest level compared with January 2023 and 2022.
Median home sale price in January 2024 was $502,000 equal to the previous month of December and 17.2% higher than $429,000 in January 2023. The January 2024 median sale price was at its highest level compared with January 2023 and 2022.
Price per square foot in January 2024 was $212, equal to that of the previous month. Year-over-year, the average price per square foot was 6.53% higher than $199 in January one year ago.
DAYS ON MARKET INCREASED TO 50
Average days on market in January 2024 were 50 days, increasing from 26 days in December 2023, but down 10.71% from 56 days compared with January 2023. Compared with January 2022, average days on market in 2023 were 28 days higher.
MINT HILL HOUSING INVENTORY DECLINED A 4TH CONSECUTIVE MONTH
The number of properties for sale in January 2024 was 104, down 8.77% from 114 properties in the previous month of December. Inventory was 23.53% lower than the 136 properties for sale in January 2023. This was the lowest level of inventory in Mint Hill since March 2022, which also had 104 properties for sale. With a 4.33 months supply of inventory in January, Mint Hill has moved towards a balanced market between home buyers and sellers.
NEW LISTINGS INCREASED IN MINT HILL
The number of new listings in January 2024 was 34, up by seven properties from the 27 new listings in the previous month of December. Compared with January 2023, new listings increased 25.93% from 27. Compared January 2022, new listings increased from 26. The January 2024 listings were at their highest level compared with January 2023 and 2022.
MINT HILL SALES DECLINED YEAR-OVER-YEAR & MONTH-OVER-MONTH
Sales declined 48.94% to 24 from 47 closed sales in the previous month of December. Sales declined 22.58% from 31 in January 2023. Sales declined from 37 in January 2022. This was the lowest level of sales in Mint Hill since November 2022.
LIST TO SALE PRICE RATIO DECLINED MONTH-OVER-MONTH | UNCHANGED YEAR-OVER-YEAR
With a selling price at 97.5% of list price in January 2024, the list to sale price ratio decreased from 98.56% in December 2023. Year-over-year, the list to sale price ratio was flat.
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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: December 2023 Mint Hill Real Estate Update: November 2023
