Special offer

Mint Hill, NC Real Estate Report: April 2023. What You Need To Know.

By
Real Estate Agent with Coldwell Banker Realty 179530

Latest news on the Mint Hill, NC real estate market in April 2023...

What it means for you...

What you need to know...

 

The Mint Hill housing market more than held its own in April. Key take-aways about Mint Hill's housing market trends in April 2023:

  • Home sales prices increased in April 2023 both year-over year and month-over-month.
  • Closed sales also increased year-over-year and month-over-month (19.44%).
  • New listings increased marginally compared with one month and one year ago.
  • Days on market were down for a third consecutive month.
  • Housing inventory up year-over-year but at its lowest level since May 2022.
  • List to sale price ratio just under 100% at 99.96%.

 

 Mint Hill Housing Market Highlights: April 2023

Mint Hill, NC Housing Market Trend Report April 2023

 

AVERAGE HOME SALE PRICES UP YEAR-OVER-YEAR & MONTH-OVER-MONTH

Average sale price in April 2023 was $505,979 up 6.24% from $476,277 in March 2023 and 8.38% higher than $466,842 in April one year ago. The April 2023 average sale price was at its highest level compared with April 2022 and April 2021.

 

Median home sale price in April 2023 was $472,500, essentially equal to the previous month of March and was 3.11% higher than $458,270 in April one year ago. The April 2023 median sale price was at its highest level compared with April 2022 and April 2021.

 

Price per square foot in April 2023 was $210, down 4.11% from $219 in March 2023 and 3.45% higher than $203 in April 2022.

 

DAYS ON MARKET DECREASED FOR A THIRD CONSECUTIVE MONTH

Average days on market April 2023 were 57 days, down from 68 days in March 2023 and up 34 days compared with April 2022. The April 2023 days on market were at their highest level compared with April 2022 (23 days) and April 2021 (15 days).

 

MINT HILL HOUSING INVENTORY UP YEAR-OVER-YEAR, BUT AT ITS LOWEST LEVEL SINCE MAY 2022

The number of properties for sale in April 2023 was 136, down 6.21% from 145 homes in the previous month. Inventory was 5.43% higher than the 129 properties for sale in April 2022. April's inventory was at the lowest level Mint Hill has seen since May 2022 when inventory stood at 129 properties.

 

NEW LISTINGS SLIGHTLY UP MONTH-OVER-MONTH AND YEAR-OVER-YEAR

The number of new listings in April 2023 was 66, up 8.2% from the 61 new listings in the previous month of March. Compared with April 2022, new listings were up slightly by two homes (3.1)%. April 2023 new listings were at their highest compared with April 2022 (64 new listings) and April 2021 (63 new listings). 

 

MINT HILL SALES UP MONTH-OVER-MONTH & YEAR-OVER-YEAR

Sales increased 19.44% in April 2023 to 43 properties from 36 properties in the previous month of March. Sales increased from 39 in April 2022 and decreased from 46 in April 2021. 

 

LIST TO SALE RATIO JUST UNDER 100% IN APRIL

With a selling price at 99.96% of list price in April 2023, the list to sale price ratio increased 2.37% from March 2023. Year-over-year, the list to sale price ratio declined 3.62% from 103.58% in April 2022.

 

Want to know what this would mean for your family if you decide to buy or sell a Mint Hill home?

Curious about the Charlotte area real estate market? Call Nina Hollander.

   We can help.

Call us today at 704-779-0813 or contact us here.

There’s absolutely NO OBLIGATION

A consultation with Carolinas Realty Partners is FREE. 

 

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 #22 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 here.

 

MINT HILL MAP/BOUNDARIES

Map of Mint Hill, North Carolina

 

 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). We've been opening doors for Mint Hill home buyers and sellers for 24+ years.

 

SEARCH ALL MINT HILL HOMES FOR SALE

 

SEARCH ALL CHARLOTTE  AREA HOMES FOR SALE

 

FIND OUT WHAT YOUR GREATER CHARLOTTE AREA HOME IS WORTH IN TODAY'S MARKET 

 

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."

 

Great Homes In Charlotte

 

Posted by

 

 Nina Hollander, RE/MAX Broker, Realtor

 

 

 

Broker, Realtor, MBA, GRI, ABR, SRES, CDPE, SFR, SPS, CMRS
Carolinas Realty Partners with Coldwell Banker Realty
Direct: 704-779-0813
Website: www.GreatHomesInCharlotte.com
Blog: News You Can Use From The Greater Charlotte Area
Search For All Charlotte Area Homes: www.GreatHomesInCharlotte.com 

Charlotte Magazine 5-Star Customer Satisfaction Award Winner Since 2007

 

 Connect with me also on these sites:  

 

facebook twitterlinkedinpinterest

  

                                                                                                                                          

Oh by the way, I'm never too busy for any of your referrals!

 

Find Your Charlotte Home

 

How Much Is My Home Worth       Free Charlotte Relocation Package

 

 

 

Disclaimer:  Nothing in this blog article is to be construed as legal advice, tax advice, or financial advice.  For legal advice see an attorney.   For tax advice or financial advice see a tax attorney, certified public accountant, or other qualified professional.

 

Jerry Newman
Brown Realty, 210-789-4216, - San Antonio, TX
Texas REALTOR, San Antonio Military Relocation

Hello, Nina Hollander, Broker. I know your sellers are thrilled that your days on the market are lower at 57 days. But, they are probably not excited about the drop in cost per square foot. Have a Blessed weekend!

May 19, 2023 08:59 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Jerry Newman hi Jerry... I report on price per square foot but really pay very little attention to that metric. Too many variables in the price/square foot figure. At the end of the day, home prices were up and that's what counts in my book. 

May 19, 2023 09:00 AM
Jerry Newman

Yes, Nina. I completely agree with you about the increase in home prices, and the fact that sellers are getting 99% or more.

May 19, 2023 09:03 AM
Myrl Jeffcoat
Sacramento, CA
Greater Sacramento Realtor - Retired

Mint Hill home buyers and sellers are sure to value your real estate market report, Nina.

May 19, 2023 10:07 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Nina, great market update for Mint Hill, and seems like the days on market are inching up, or is it my imagination?

May 19, 2023 10:48 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Joan Cox hi Joan... days on market are up year-over-year, but they've now decreased for three consecutive months, which is logical with an increase in home prices, number of sales, and higher list to sale price ratio.

May 19, 2023 10:52 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Myrl Jeffcoat hi Myrl... and thanks for popping by today. Trust you are looking forward to a lovely weekend.

May 19, 2023 10:52 AM
Hannah Williams
HomeStarr Realty - Philadelphia, PA
Expertise NE Philadelphia & Bucks 215-820-3376

Nina Hollander, Broker Another beautifully done market report! Buyers and sellers should contact you when looking to make a move to your area as you are the local expert.

May 19, 2023 12:10 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Hannah Williams thank you, Hannah! And thanks for popping by... hope you have some nice weekend plans to look forward to.

May 19, 2023 12:22 PM
Kathy Streib
Cypress, TX
Home Stager/Redesign

Hi Nina- it's nice to see that DOM was down. If sellers are not sure about selling, they need to call you. 

May 19, 2023 05:35 PM
Endre Barath, Jr.
Berkshire Hathaway HomeServices California Properties - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Nina when I see under 60 days all I can think of is well at least it is not 30 days.... I love when we can actually market a property correctly and we get out name out rather than when it sells in  20 days or less. Endre

May 19, 2023 10:17 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Endre Barath, Jr. good morning, Endre... each of my listings has sold in three days or less this year. I now depend on mailings of postcards to get my name out there after I've sold a property.

May 20, 2023 04:43 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Kathy Streib good morning, Kathy. Days on market are certainly up year-over-year all around the region, but we have so many homes selling in under a week. All of my own listings this year has so far sold in three days or less.

May 20, 2023 04:44 AM
Debe Maxwell, CRS
Savvy + Company (704) 491-3310 - Charlotte, NC
The RIGHT CHARLOTTE REALTOR!

Mint Hill is going to be the next 'hot' market, I believe! Belmont, Mount Holly and Gasonia are well on their way already. I can't believe how quickly our market is expanding out to the 'burbs!' 

May 21, 2023 07:52 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Debe Maxwell, CRS good morning, Debe... I do believe you are spot on with that assessment.

May 22, 2023 03:49 AM