Is Iron Station, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
At the same time last year, Iron Station was a Seller'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
$427,500
$218/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
The sold price of homes in Iron Station has remained the same since last year.
Summary: The median home sold price in Iron Station was $427,500 in June 2024, up 0.4% from last year, and the median price per square foot was $218.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $439.7K | $268K | -39.1% |
| 3 Bedrooms | $375K | $340.7K | -9.1% |
| 4 Bedrooms | $456.7K | $612.5K | +34.1% |
| 5+ Bedrooms | $579K | $495K | -14.5% |
Summary: Iron Station housing prices by bedroom type for June 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 9.1%, 4 bedroom homes increased by 34.1%, and 5+ bedroom homes decreased by 14.5%.
Median Sold Price Compared To Nearby Cities
| Ironton Township | $335.2K | $345K | +2.9% |
| Catawba Springs Township | $495.1K | $499.4K | +0.9% |
| Iron Station | $425.7K | $427.5K | 0.4% |
| Denver | $488.9K | $474.9K | -2.9% |
Housing Supply in Iron Station, NC
How many homes are available in Iron Station, NC?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 21 | 23 | +9.5% |
Summary: The Iron Station real estate market had 23 homes for sale in June 2024, a 9.5% increase compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 12 | 12 | 0.0% |
| 4 Bedrooms | 5 | 7 | +40.0% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Iron Station housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes remained the same, 4 bedroom homes increased by 40%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 5 | 3 | -40.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 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. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Iron Station in June 2024, down by 40.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% 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
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 52 Days | 71 Days | +35.7% |
Summary: Homes in Iron Station had an average of 71 days on market in Jun 2024, up by 35.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Iron Station are selling fast, if you're buying plan to act quickly.
Summary: During June 2024, 3 homes were sold in Iron Station; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
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