Is Mineral Springs, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Mineral Springs was a Seller's Market.
Key Takeaway
Mineral Springs is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Mineral Springs, NC
How much do homes in Mineral Springs, NC cost?
Median Sold Price
$412,000
$218/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Mineral Springs have sold for 21.6% less than they did a year ago.
Summary: The median home sold price in Mineral Springs was $412,000 in March 2024, down 21.6% from last year, and the median price per square foot was $218.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $327.5K | $267.5K | -18.3% |
| 3 Bedrooms | $366.8K | $350K | -4.6% |
| 4 Bedrooms | $653K | $739K | +13.2% |
| 5+ Bedrooms | $699.1K | $825K | +18.0% |
Summary: Mineral Springs housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 18.3%, 3 bedroom homes decreased by 4.6%, 4 bedroom homes increased by 13.2%, and 5+ bedroom homes increased by 18%.
Median Sold Price Compared To Nearby Cities
| Waxhaw | $580K | $704K | +21.4% |
| Sandy Ridge Township | $731.2K | $794.7K | +8.7% |
| Monroe Township | $349.1K | $374.9K | +7.4% |
| Jackson Township | $480.3K | $499.9K | +4.1% |
| Mineral Springs | $525.2K | $412K | -21.6% |
Housing Supply in Mineral Springs, NC
How many homes are available in Mineral Springs, NC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 9 | 12 | +33.3% |
Summary: The Mineral Springs real estate market had 12 homes for sale in March 2024, a 33.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 1 | +100.0% |
| 3 Bedrooms | 7 | 6 | -14.3% |
| 4 Bedrooms | 2 | 4 | +100.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Mineral Springs housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 2 | 2 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mineral Springs, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Mineral Springs in March 2024, the same as the previous month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Mineral Springs, NC
How long does it take to sell a home in Mineral Springs, NC?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 11 Days | 62 Days | +463.6% |
Summary: Homes in Mineral Springs had an average of 62 days on market in Mar 2024, up by 463.6% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Mineral Springs are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 2 homes were sold in Mineral Springs; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
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