Mint Hill Real Estate December 2023

 

Mint Hill Real Estate Snapshot: December 2023

 

Mint Hill real estate in December 2023  saw median and average home sale prices increase both year-over-year and month-over-month. The number of properties sold increased almost 18% from November, and 14+% from December one year ago. Days on market remained relatively low at 29 days and decreased significantly from 50 days on year ago. New listings increased by four homes from one month ago and remained unchanged compared with December one year ago. Housing inventory declined to its lowest level since March 2022. The months supply of inventory declined to 2.82 months from 4.54 months in November, moving Mint Hill back to a seller’s market from a more balanced market one month ago. List to sale price ratio was 98.59%, slightly lower from the previous month and 1.11% higher compared with December 2022.

 

 Mint Hill Housing Market Highlights: December 2023

 

MEDIAN & AVERAGE HOME SALE PRICES UP

Average sale price in December 2023 was $519,306 up 10.74% from $468,942 in November 2023 and 1.99% higher than $509,175 in December one year ago. The December 2023 average sale price was at its highest level compared with December 2022 and 2021.

 

Median home sale price in December 2023 was $499,995, up 7.58% from $464,750 from the previous month of November and 4.17% higher than $480,000 in December 2022. The December 2023 median sale price was at its highest level compared with December 2022 and 2021.

 

Price per square foot in December 2023 was $213, down 2.74% from $219 in the previous month of November. Year-over-year, the average price per square foot was 2.29% lower than $218 in December one year ago.

 

DAYS ON MARKET REMAINED LOW AT UNDER ONE MONTH

Average days on market in December 2023 were 29 days, increasing one day from November 2023 and down 42% from 50 days compared with December 2022. Compared with December 2021, average days on market in 2023 were 14 days higher. December’s days on market were at their second lowest level since October 2022.

 

MINT HILL HOUSING INVENTORY AT ITS LOWEST LEVEL SINCE MARCH 2022

The number of properties for sale in December 2023 was 113, down 5.04% from 119 properties in the previous month of November. Inventory was 31.52% lower than the 165 properties for sale in December 2022. With a 2.82 months supply of inventory in December, Mint Hill has moved back into “seller territory.”

 

NEW LISTINGS REMAINED LOW

The number of new listings in December 2023 was 27, up by four properties from the 23 new listings in the previous month of November. Compared with December 2022, new listings remained unchanged. Compared with December 2021, new listings were down from 34.

 

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

Sales increased 17.65% to 40 from 34 closed sales in the previous month of November. Sales increased 14.29% from 35 in December 2022. Sales declined from 61 in December 2021. 

 

LIST TO SALE PRICE RATIO DECLINED MONTH-OVER-MONTH, IMPROVED YEAR-OVER-YEAR

With a selling price at 98.59% of list price in December 2023, the list to sale price ratio decreased from 99.77% in November 2023. Year-over-year, the list to sale price ratio increased from 97.48% in December 2022.

 

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

 

  I can help.

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

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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 #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.

 

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 home buyers and sellers for 25 years.

 

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