Mint Hill Real Estate July 2024
Mint Hill Real Estate July 2024 Highlights: What To Know Now
Mint Hill real estate July 2024 saw median and average home prices increase from the same month one year ago, while decreasing from one month ago. The number of properties sold were flat month-over- month and declined almost 42% from July one year ago. Days on market dropped seven days from one month ago and were 40% lower than in July 2023. New listings increased a fourth consecutive month to their highest level since October 2023. Housing inventory increased a third consecutive month to its highest level since April 2023. The months supply of inventory at 4.19 months, pushed Mint Hill into a more balanced market between buyers and sellers. List to sale price ratio at 99.28% offered Mint Hill home buyers minimal negotiating room on price.
Mint Hill Real Estate July 2024 Trends
SALE PRICES DOWN MONTH-OVER-MONTH | UP YEAR-OVER-YEAR
Average sale price in July 2024 was $577,130, down 7.9% from $626,630 in June 2024. The July 2024 average sale price was 18.49% higher than $487,061 in July one year ago. The July 2024 average sale price was at its highest level compared with July 2023 and 2022.
Median home sale price in July 2024 was $557,500 down 4.01% from $580,792 in the previous month of June. The median sale price increased 31.18% from $425,000 in July 2023. The July 2024 median sale price was at its highest level compared with July 2023 and 2022.
Price per square foot in July 2024 was $240, up 5.73% from $227 one month ago. Year-over-year, the average price per square foot was 8.6% higher than $221 in July one year ago.
DAYS ON MARKET DECLINE BY ONE WEEK
Average days on market in July 2024 were 30 days, declining 7 days from one month ago. Days on market were down 40% from 50 days compared with July 2023. Compared with July 2022, average days on market in 2024 were 9 days higher.
MINT HILL HOUSING INVENTORY UP A THIRD CONSECUTIVE MONTH
The number of properties for sale in Mint Hill in July 2024 stood at 134, up 6.35% from 126 in the previous month of June. Inventory was 9.84% higher than the 122 properties for sale in July 2023. Compared with July 2022, housing inventory was lower in July 2024 by 28 properties. July’s inventory was at its highest level since April 2023 when there were 138 Mint Hill properties for sale.
The months supply of inventory of 4.19 months was flat compared with the previous month of June. With 4.19 months supply of inventory in June, 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 July 2024 was 49, up 13.95% from the previous month of June, which saw 43 new listings. Compared with July 2023, new listings increased 16.67% from 42. Compared with July 2022, new listings were lower by 34. July’s new listings were at their highest level since October 2023 when there were 55 new listings.
MINT HILL SALES FLAT MONTH-OVER-MONTH | DOWN YEAR-OVER-YEAR
At 32 sales, Mint Hill sales in July were essentially flat compared with one month ago, which saw 31 sales. Sales were 41.82% lower in July 2024 compared with July 2023, which saw 55 sales. Sales also declined from 35 in July 2022. July 2024 sales were at their lowest level compared with June 2023 and 2022.
LIST TO SALE PRICE RATIO JUST UNDER 100%
With a selling price at 99.28% of list price in July 2024, the list to sale price ratio was flat compared with the three most recent months in 2024. It was also equal to that of July 2023. Mint Hill home buyers did not see much opportunity to negotiate on price in the month of June.
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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: 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
Mint Hill Real Estate Update: December 2023
