Is Marshall, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Marshall is a neutral's market

Buyer's
Market

Difference Since May 2023

At the same time last year, Marshall was a Buyer's Market.

Key Takeaway

Marshall is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Marshall, NC

How much do homes in Marshall, NC cost?

Median Sold Price

$440,000

$290/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$40,000(+10.0%)

Key Takeaway

Homes in Marshall have sold for 10% more than they did a year ago.

Summary: The median home sold price in Marshall was $440,000 in May 2024, up 10% from last year, and the median price per square foot was $290.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $425K$282.5K
-33.5%
2 $250K$402.5K
+61.0%
3 $402.5K$444.9K
+10.5%
4 $460K$1.0M
+117.4%
5+ $1.2M$1.1M
-2.4%

Summary: Marshall housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 33.5%, 2 bedroom homes increased by 61%, 3 bedroom homes increased by 10.5%, 4 bedroom homes increased by 117.4%, and 5+ bedroom homes decreased by 2.4%.

Housing Supply in Marshall, NC

How many homes are available in Marshall, NC?

Number of Homes For Sale

Apr 2024May 2024CHANGE
4151+24.4%

Summary: The Marshall real estate market had 51 homes for sale in May 2024, a 24.4% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 32
-33.3%
2 913
+44.4%
3 2128
+33.3%
4 34
+33.3%
5+ 54
-20.0%

Summary: The Marshall housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 44.4%, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes decreased by 20%.

Number of Homes Sold

Apr 2024May 2024CHANGE
48+100.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Marshall, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in Marshall in May 2024, up by 100.0% month-over-month. Of the 8 sold homes, 63% were sold under asking, 13% were sold at asking, and 25% were sold over asking.

Days on Market for Marshall, NC

How long does it take to sell a home in Marshall, NC?

Average Sale Time

May 2023May 2024CHANGE
37 Days52 Days+37.7%

Summary: Homes in Marshall had an average of 52 days on market in May 2024, up by 37.7% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Marshall are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 8 homes were sold in Marshall; 50% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

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