Is Mineral Springs, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Mineral Springs was a Seller's Market.
Housing Prices in Mineral Springs, NC
How much do homes in Mineral Springs, NC cost?
Median Sold Price
$423,500
$215/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Mineral Springs was $423,500 in May 2024, down 4.8% from last year, and the median price per square foot was $215.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $280K | $310K | +10.7% |
3 Bedrooms | $336.7K | $372K | +10.5% |
4 Bedrooms | $646K | $744.5K | +15.2% |
5+ Bedrooms | $695K | $937.5K | +34.9% |
Summary: Mineral Springs housing prices by bedroom type for May 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 10.5%, 4 bedroom homes increased by 15.2%, and 5+ bedroom homes increased by 34.9%.
Median Sold Price Compared To Nearby Cities
Waxhaw | $599.4K | $730.8K | +21.9% |
Jackson Township | $474.9K | $535K | +12.6% |
Sandy Ridge Township | $730.1K | $801.8K | +9.8% |
Monroe Township | $350.4K | $383.8K | +9.5% |
Mineral Springs | $445K | $423.5K | -4.8% |
Housing Supply in Mineral Springs, NC
How many homes are available in Mineral Springs, NC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
10 | 6 | -40.0% |
Summary: The Mineral Springs real estate market had 6 homes for sale in May 2024, a 40.0% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 0 | -100.0% |
3 Bedrooms | 4 | 2 | -50.0% |
4 Bedrooms | 4 | 3 | -25.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Mineral Springs housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes decreased by 50%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
3 | 1 | -66.7% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 1 homes were sold or pending in Mineral Springs in May 2024, down by 66.7% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
8 Days | 1 Day | -88.6% |
Summary: Homes in Mineral Springs had an average of 1 days on market in May 2024, down by 88.6% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 1 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.