Is Iron Station, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Iron Station is a buyer's market

Buyer's
Market

Difference Since January 2023

Since last year, Iron Station has remained a Buyer's Market.

Key Takeaway

Iron Station is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Iron Station, NC

How much do homes in Iron Station, NC cost?

Median Sold Price

$444,368

$197/sqft

Based on all homes sold in the last 12 months.

Difference Since January 2023

+$95,368(+27.3%)

Key Takeaway

Homes in Iron Station have sold for 27.3% more than they did a year ago.

Summary: The median home sold price in Iron Station was $444,368 in January 2024, up 27.3% from last year, and the median price per square foot was $197.

Median Sold Price By Bedroom Count

# BEDSJan 2023Jan 2024CHANGE
1 --
N/A
2 $146.9K$427.8K
+191.1%
3 $274K$406K
+48.2%
4 $463.6K$502.5K
+8.4%
5+ $805K$574.9K
-28.6%

Summary: Iron Station housing prices by bedroom type for January 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 191.1%, 3 bedroom homes increased by 48.2%, 4 bedroom homes increased by 8.4%, and 5+ bedroom homes decreased by 28.6%.

Median Sold Price Compared To Nearby Cities

Iron Station
+27.3%
Ironton Township
+7.9%
Catawba Springs Township
+1.0%
Denver
-0.7%

Housing Supply in Iron Station, NC

How many homes are available in Iron Station, NC?

Number of Homes For Sale

Dec 2023Jan 2024CHANGE
1718+5.9%

Summary: The Iron Station real estate market had 18 homes for sale in January 2024, a 5.9% increase compared to December 2023.

Homes For Sale By Bedroom Count

# BEDSDec 2023Jan 2024CHANGE
1 00
0.0%
2 00
0.0%
3 1112
+9.1%
4 66
0.0%
5+ 00
0.0%

Summary: The Iron Station housing inventory by bedroom type for January 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 9.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Dec 2023Jan 2024CHANGE
52-60.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Iron Station, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Iron Station in January 2024, down by 60.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% 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

Jan 2023Jan 2024CHANGE
36 Days63 Days+75.2%

Summary: Homes in Iron Station had an average of 63 days on market in Jan 2024, up by 75.2% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During January 2024, 2 homes were sold in Iron Station; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% 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 20 Days Ago

Newest Listings in Iron Station, NC

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