Is Mint Hill, 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, Mint Hill has remained a Seller's Market.
Key Takeaway
Mint Hill is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Mint Hill, NC
How much do homes in Mint Hill, NC cost?
Median Sold Price
$487,200
$210/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Mint Hill have sold for 1% more than they did a year ago.
Summary: The median home sold price in Mint Hill was $487,200 in April 2024, up 1% from last year, and the median price per square foot was $210.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $225K | - | N/A |
| 2 Bedrooms | $355K | $384.2K | +8.2% |
| 3 Bedrooms | $405K | $415K | +2.5% |
| 4 Bedrooms | $552K | $545.4K | -1.2% |
| 5+ Bedrooms | $680K | $660K | -2.9% |
Summary: Mint Hill 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 8.2%, 3 bedroom homes increased by 2.5%, 4 bedroom homes decreased by 1.2%, and 5+ bedroom homes decreased by 2.9%.
Median Sold Price Compared To Nearby Cities
| Matthews | $475K | $529.5K | +11.5% |
| Matthews | $478.8K | $522.3K | +9.1% |
| Charlotte | $394.9K | $411.6K | +4.2% |
| Goose Creek Township | $485.1K | $505K | +4.1% |
| Mint Hill | $482.2K | $487.2K | +1.0% |
Housing Supply in Mint Hill, NC
How many homes are available in Mint Hill, NC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 133 | 112 | -15.8% |
Summary: The Mint Hill real estate market had 112 homes for sale in April 2024, a 15.8% 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 | 2 | 1 | -50.0% |
| 3 Bedrooms | 69 | 48 | -30.4% |
| 4 Bedrooms | 37 | 40 | +8.1% |
| 5+ Bedrooms | 25 | 23 | -8.0% |
Summary: The Mint Hill 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 decreased by 50%, 3 bedroom homes decreased by 30.4%, 4 bedroom homes increased by 8.1%, and 5+ bedroom homes decreased by 8%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 43 | 35 | -18.6% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mint Hill, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.
Summary: A total of 35 homes were sold or pending in Mint Hill in April 2024, down by 18.6% month-over-month. Of the 35 sold homes, 43% were sold under asking, 23% were sold at asking, and 34% were sold over asking.
Days on Market for Mint Hill, NC
How long does it take to sell a home in Mint Hill, NC?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 42 Days | 30 Days | -27.7% |
Summary: Homes in Mint Hill had an average of 30 days on market in Apr 2024, down by 27.7% compared to last year.
Breakdown of Home Sale Times
26 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Mint Hill are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 35 homes were sold in Mint Hill; 74% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
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