$3,551 Closing Credit*
$299,000
1,257 SqFt
3 Beds
•2 Full Baths
Listing Office: NorthGroup Real Estate LLC
Is Mineral Springs, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$410,750
$226/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$106,250(-20.6%)
Key Takeaway
Homes in Mineral Springs have sold for 20.6% less than they did a year ago.
Summary: The median home sold price in Mineral Springs was $410,750 in October 2024, down 20.6% from last year, and the median price per square foot was $226.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $310K | $152K | -51.0% |
| 3 Bedrooms | $344.2K | $385K | +11.8% |
| 4 Bedrooms | $730K | $705K | -3.4% |
| 5+ Bedrooms | $720K | $1.0M | +45.8% |
Summary: Mineral Springs housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 51%, 3 bedroom homes increased by 11.8%, 4 bedroom homes decreased by 3.4%, and 5+ bedroom homes increased by 45.8%.
Median Sold Price Compared To Nearby Cities
| Jackson Township | $487K | $540K | +10.9% |
| Waxhaw | $672.1K | $740K | +10.1% |
| Sandy Ridge Township | $750.5K | $802.7K | +7.0% |
| Monroe Township | $368K | $392.1K | +6.5% |
| Mineral Springs | $517K | $410.7K | -20.6% |
Housing Supply in Mineral Springs, NC
How many homes are available in Mineral Springs, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 15 | 12 | -20.0% |
Summary: The Mineral Springs real estate market had 12 homes for sale in October 2024, a 20.0% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 10 | 8 | -20.0% |
| 4 Bedrooms | 5 | 4 | -20.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Mineral Springs housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 20%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 4 | +33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Mineral Springs, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Mineral Springs in October 2024, up by 33.3% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 27 Days | 11 Days | -56.5% |
Summary: Homes in Mineral Springs had an average of 11 days on market in Oct 2024, down by 56.5% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was 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 October 2024, 4 homes were sold in Mineral Springs; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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