Is Mars Hill, IN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Mars Hill has remained a Seller's Market.
Housing Prices in Mars Hill, IN
How much do homes in Mars Hill, IN cost?
Median Sold Price
$160,000
$124/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since April 2023.
Summary: The median home sold price in Mars Hill was $160,000 in April 2024, the same as last year, and the median price per square foot was $124.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $87.5K | $70K | -20.0% |
2 Bedrooms | $110K | $116.9K | +6.3% |
3 Bedrooms | $171K | $175K | +2.3% |
4 Bedrooms | $164.9K | $179.9K | +9.1% |
5+ Bedrooms | $199.9K | $533.8K | +167.0% |
Summary: Mars Hill housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 20%, 2 bedroom homes increased by 6.3%, 3 bedroom homes increased by 2.3%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes increased by 167%.
Housing Supply in Mars Hill, IN
How many homes are available in Mars Hill, IN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
36 | 42 | +16.7% |
Summary: The Mars Hill real estate market had 42 homes for sale in April 2024, a 16.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 12 | 11 | -8.3% |
3 Bedrooms | 16 | 18 | +12.5% |
4 Bedrooms | 8 | 12 | +50.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Mars Hill housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 8.3%, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
8 | 12 | +50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Mars Hill in April 2024, up by 50.0% month-over-month. Of the 12 sold homes, 17% were sold under asking, 50% were sold at asking, and 33% were sold over asking.
Days on Market for Mars Hill, IN
How long does it take to sell a home in Mars Hill, IN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
75 Days | 34 Days | -54.6% |
Summary: Homes in Mars Hill had an average of 34 days on market in Apr 2024, down by 54.6% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 12 homes were sold in Mars Hill; 58% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.