Is Marion, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, Marion was a Neutral Market.
Housing Prices in Marion, NC
How much do homes in Marion, NC cost?
Median Sold Price
$254,000
$177/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Marion was $254,000 in February 2024, up 17.1% from last year, and the median price per square foot was $177.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $185K | $80.5K | -56.5% |
2 Bedrooms | $160K | $210K | +31.3% |
3 Bedrooms | $231.9K | $277.5K | +19.6% |
4 Bedrooms | $241.5K | $350K | +44.9% |
5+ Bedrooms | $313.7K | $270K | -13.9% |
Summary: Marion housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 56.5%, 2 bedroom homes increased by 31.3%, 3 bedroom homes increased by 19.6%, 4 bedroom homes increased by 44.9%, and 5+ bedroom homes decreased by 13.9%.
Median Sold Price Compared To Nearby Cities
Nebo Township | $339K | $436K | +28.6% |
Marion | $217K | $254K | +17.1% |
Nebo | $400K | $436K | +9.0% |
Housing Supply in Marion, NC
How many homes are available in Marion, NC?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
98 | 99 | +1.0% |
Summary: The Marion real estate market had 99 homes for sale in February 2024, a 1.0% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 25 | 26 | +4.0% |
3 Bedrooms | 56 | 56 | 0.0% |
4 Bedrooms | 12 | 12 | 0.0% |
5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Marion housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 4%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
18 | 19 | +5.6% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 19 homes were sold or pending in Marion in February 2024, up by 5.6% month-over-month. Of the 19 sold homes, 79% were sold under asking, 11% were sold at asking, and 11% were sold over asking.
Days on Market for Marion, NC
How long does it take to sell a home in Marion, NC?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
45 Days | 71 Days | +58.6% |
Summary: Homes in Marion had an average of 71 days on market in Feb 2024, up by 58.6% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During February 2024, 19 homes were sold in Marion; 47% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 32% of homes were sold over 90 days.