Is Iron Station, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Iron Station has remained a Seller's Market.
Key Takeaway
Iron Station is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Iron Station, NC
How much do homes in Iron Station, NC cost?
Median Sold Price
$422,500
$215/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Iron Station have sold for 2.2% less than they did a year ago.
Summary: The median home sold price in Iron Station was $422,500 in May 2024, down 2.2% 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 | $439.7K | $268K | -39.1% |
| 3 Bedrooms | $375.5K | $335K | -10.8% |
| 4 Bedrooms | $456.7K | $567.5K | +24.2% |
| 5+ Bedrooms | $581.5K | $487.5K | -16.2% |
Summary: Iron Station 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 decreased by 39.1%, 3 bedroom homes decreased by 10.8%, 4 bedroom homes increased by 24.2%, and 5+ bedroom homes decreased by 16.2%.
Median Sold Price Compared To Nearby Cities
| Ironton Township | $330K | $340K | +3.0% |
| Catawba Springs Township | $495.2K | $495K | 0% |
| Denver | $488.1K | $477.7K | -2.1% |
| Iron Station | $432.1K | $422.5K | -2.2% |
Housing Supply in Iron Station, NC
How many homes are available in Iron Station, NC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 22 | 19 | -13.6% |
Summary: The Iron Station real estate market had 19 homes for sale in May 2024, a 13.6% 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 | 2 | 2 | 0.0% |
| 3 Bedrooms | 14 | 11 | -21.4% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Iron Station 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 remained the same, 3 bedroom homes decreased by 21.4%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 6 | 5 | -16.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Iron Station, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Iron Station in May 2024, down by 16.7% month-over-month. Of the 5 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.
Days on Market for Iron Station, NC
How long does it take to sell a home in Iron Station, NC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 42 Days | 10 Days | -76.7% |
Summary: Homes in Iron Station had an average of 10 days on market in May 2024, down by 76.7% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Iron Station are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 5 homes were sold in Iron Station; 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.
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