Is Marion Township, 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, Marion Township was a Seller's Market.
Key Takeaway
Marion Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Marion Township, NC
How much do homes in Marion Township, NC cost?
Median Sold Price
$260,750
$181/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Marion Township have sold for 9.1% more than they did a year ago.
Summary: The median home sold price in Marion Township was $260,750 in May 2024, up 9.1% from last year, and the median price per square foot was $181.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $158.5K | $56.5K | -64.3% |
| 2 Bedrooms | $191.5K | $210K | +9.7% |
| 3 Bedrooms | $267.5K | $282K | +5.4% |
| 4 Bedrooms | $299K | $378K | +26.4% |
| 5+ Bedrooms | $345K | $270K | -21.7% |
Summary: Marion Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 64.3%, 2 bedroom homes increased by 9.7%, 3 bedroom homes increased by 5.4%, 4 bedroom homes increased by 26.4%, and 5+ bedroom homes decreased by 21.7%.
Median Sold Price Compared To Nearby Cities
| Nebo Township | $334K | $499K | +49.4% |
| South Toe Township | $225K | $318.8K | +41.7% |
| Old Fort Township | $272.5K | $315K | +15.6% |
| Marion | $231.4K | $260K | +12.3% |
| Marion Township | $239K | $260.7K | +9.1% |
Housing Supply in Marion Township, NC
How many homes are available in Marion Township, NC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 103 | 100 | -2.9% |
Summary: The Marion Township real estate market had 100 homes for sale in May 2024, a 2.9% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 26 | 29 | +11.5% |
| 3 Bedrooms | 63 | 57 | -9.5% |
| 4 Bedrooms | 11 | 10 | -9.1% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Marion Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 11.5%, 3 bedroom homes decreased by 9.5%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 26 | 10 | -61.5% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Marion Township, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Marion Township in May 2024, down by 61.5% month-over-month. Of the 10 sold homes, 60% were sold under asking, 10% were sold at asking, and 30% were sold over asking.
Days on Market for Marion Township, NC
How long does it take to sell a home in Marion Township, NC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 26 Days | 152 Days | +479.7% |
Summary: Homes in Marion Township had an average of 152 days on market in May 2024, up by 479.7% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Marion Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 10 homes were sold in Marion Township; 40% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.
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