Is Marion, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Marion was a Seller's Market.
Housing Prices in Marion, NC
How much do homes in Marion, NC cost?
Median Sold Price
$257,500
$179/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Marion was $257,500 in March 2024, up 17% from last year, and the median price per square foot was $179.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $185K | $80.5K | -56.5% |
2 Bedrooms | $160K | $212K | +32.5% |
3 Bedrooms | $235K | $282K | +20.0% |
4 Bedrooms | $241.5K | $369K | +52.8% |
5+ Bedrooms | $345K | $270K | -21.7% |
Summary: Marion housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 56.5%, 2 bedroom homes increased by 32.5%, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 52.8%, and 5+ bedroom homes decreased by 21.7%.
Median Sold Price Compared To Nearby Cities
Nebo Township | $324K | $445K | +37.3% |
Nebo | $380K | $446.2K | +17.4% |
Marion | $220K | $257.5K | +17.0% |
Housing Supply in Marion, NC
How many homes are available in Marion, NC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
99 | 104 | +5.1% |
Summary: The Marion real estate market had 104 homes for sale in March 2024, a 5.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 25 | 28 | +12.0% |
3 Bedrooms | 58 | 60 | +3.4% |
4 Bedrooms | 11 | 12 | +9.1% |
5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The Marion 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 increased by 12%, 3 bedroom homes increased by 3.4%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
21 | 17 | -19.0% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 17 homes were sold or pending in Marion in March 2024, down by 19.0% month-over-month. Of the 17 sold homes, 59% were sold under asking, 24% were sold at asking, and 18% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
51 Days | 71 Days | +38.6% |
Summary: Homes in Marion had an average of 71 days on market in Mar 2024, up by 38.6% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During March 2024, 17 homes were sold in Marion; 47% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 35% of homes were sold over 90 days.