Is Mineral Springs, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Mineral Springs has remained a Seller's Market.
Key Takeaway
Mineral Springs is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Mineral Springs, NC
How much do homes in Mineral Springs, NC cost?
Median Sold Price
$420,000
$218/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Mineral Springs have sold for 5.6% less than they did a year ago.
Summary: The median home sold price in Mineral Springs was $420,000 in April 2024, down 5.6% from last year, and the median price per square foot was $218.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $280K | $310K | +10.7% |
| 3 Bedrooms | $346.9K | $355.5K | +2.5% |
| 4 Bedrooms | $646K | $739K | +14.4% |
| 5+ Bedrooms | $695K | $825K | +18.7% |
Summary: Mineral Springs housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 10.7%, 3 bedroom homes increased by 2.5%, 4 bedroom homes increased by 14.4%, and 5+ bedroom homes increased by 18.7%.
Median Sold Price Compared To Nearby Cities
| Waxhaw | $589K | $710.1K | +20.6% |
| Sandy Ridge Township | $732.6K | $795.3K | +8.6% |
| Monroe Township | $350K | $379.9K | +8.6% |
| Jackson Township | $480K | $520K | +8.3% |
| Mineral Springs | $445K | $420K | -5.6% |
Housing Supply in Mineral Springs, NC
How many homes are available in Mineral Springs, NC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 11 | 10 | -9.1% |
Summary: The Mineral Springs real estate market had 10 homes for sale in April 2024, a 9.1% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 6 | 6 | 0.0% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Mineral Springs housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 3 | 3 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was 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. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Mineral Springs in April 2024, the same as the previous month. Of the 3 sold homes, 67% were sold under asking, 33% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 1 Days | 8 Days | +455.6% |
Summary: Homes in Mineral Springs had an average of 8 days on market in Apr 2024, up by 455.6% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Mineral Springs are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 3 homes were sold in Mineral Springs; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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