Mint Hill Real Estate March 2024
Mint Hill Real Estate March 2024 Highlights
Mint Hill real estate March 2024 saw median and average home sale prices improve from March one year ago, while declining from one month ago. The number of properties sold increased month-over-month and year-over-year. Days on market remained unchanged at 42 days compared with the most recent month of February, but declined 38+% from 68 days one year ago in March. New listings were unchanged from February at 43, but were down almost 33% from one year ago. Housing inventory declined 2.63% from February and 22.38% from March one year ago. The months supply of inventory declined to 2.58 months, keeping Mint Hill back in home seller “territory.” List to sale price ratio was 99.16%, up month-over-month and year-over-year.
Mint Hill Real Estate March 2024 Trends
SALE PRICES DECLINED MONTH-OVER-MONTH | INCREASED YEAR-OVER-YEAR
Average sale price in March 2024 was $554,889, down 12.06% from $630,960 in February 2024 and 16.51% higher than $476,277 in March one year ago. The March 2024 average sale price was at its highest level compared with March 2023 and 2022.
Median home sale price in March 2024 was $535,000, down 9.32% from $590,000 in the previous month of February and 13.47% higher than $471,500 in March 2023. The March 2024 median sale price was at its highest level compared with March 2023 and 2022.
Price per square foot in March 2024 was $232, up 3.57% from $224 in the previous month of February. Year-over-year, the average price per square foot was 5.94% higher than $219 in March one year ago. The price per square foot in March 2024 was at the highest level seen in the past three years.
DAYS ON MARKET
Average days on market in March 2024 were 42 days, unchanged from the previous month of February and down 38.24% from 68 days compared with March 2023. Compared with March 2022, average days on market in 2023 were 29 days higher.
MINT HILL HOUSING INVENTORY DOWN YEAR-OVER-YEAR | FLAT MONTH-OVER-MONTH& MONTH OVER MONTH
The number of properties for sale in Mint Hill in March 2024 stood at 111, down 2.63% from 114 in the previous month of February. Inventory was 22.38% lower than the 143 properties for sale in March 2023. This was the lowest level of inventory in Mint Hill since March 2022, which also had 105 properties for sale. The months supply of inventory declined 1.08 months from February 2024. With a 2.58 months supply of inventory in March, Mint Hill remained in home seller “territory.”
NEW LISTINGS FLAT MONTH-OVER-MONTH | DOWN YEAR-OVER-YEAR
The number of new listings in March 2024 was 43, unchanged from the previous month of February. Compared with March 2023, new listings declined 32.81% from 44. Compared March 2022, new listings declined by 15 homes from 58. The March 2024 listings were at their lowest level compared with March 2023 and 2022.
MINT HILL SALES INCREASED MONTH-OVER-MONTH & YEAR-OVER-YEAR
Sales increased 30.3% to 43 from 33 closed sales in the previous month of February. Sales improved 19.44% from 36 in March 2023. Sales increased from 42 in March 2022.
LIST TO SALE PRICE RATIO UP YEAR-OVER-YEAR & MONTH-OVER-MONTH
With a selling price at 99.16% of list price in March 2024, the list to sale price ratio improved from 98.43% in February. Compared with March 2023, the list to sale price ratio improved from 97.59%. Mint Hill home buyers did not see much opportunity to negotiate on price in the month of March.
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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: February 2024
Mint Hill Real Estate Update: January 2024
Mint Hill Real Estate Update: December 2023
