Is Iron Station, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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
$430,000
$199/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Iron Station have sold for 2.9% more than they did a year ago.
Summary: The median home sold price in Iron Station was $430,000 in March 2024, up 2.9% from last year, and the median price per square foot was $199.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $314.3K | $341.9K | +8.8% |
| 3 Bedrooms | $345K | $350K | +1.4% |
| 4 Bedrooms | $470.2K | $535K | +13.8% |
| 5+ Bedrooms | $584K | $495K | -15.2% |
Summary: Iron Station housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 8.8%, 3 bedroom homes increased by 1.4%, 4 bedroom homes increased by 13.8%, and 5+ bedroom homes decreased by 15.2%.
Median Sold Price Compared To Nearby Cities
| Iron Station | $417.8K | $430K | +2.9% |
| Ironton Township | $330.5K | $337.5K | +2.1% |
| Catawba Springs Township | $495.2K | $489.9K | -1.1% |
| Denver | $490.9K | $474.9K | -3.3% |
Housing Supply in Iron Station, NC
How many homes are available in Iron Station, NC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 21 | 21 | 0.0% |
Summary: The Iron Station real estate market had 21 homes for sale in March 2024, the same as February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 16 | 14 | -12.5% |
| 4 Bedrooms | 5 | 7 | +40.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Iron Station housing inventory by bedroom type for March 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 12.5%, 4 bedroom homes increased by 40%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 4 | 6 | +50.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was 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 6 homes were sold or pending in Iron Station in March 2024, up by 50.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 26 Days | 28 Days | +7.0% |
Summary: Homes in Iron Station had an average of 28 days on market in Mar 2024, up by 7% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 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 March 2024, 6 homes were sold in Iron Station; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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