Is Mars Hill, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, Mars Hill has remained a Buyer's Market.
Housing Prices in Mars Hill, NC
How much do homes in Mars Hill, NC cost?
Median Sold Price
$399,250
$252/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Mars Hill was $399,250 in February 2024, down 10.2% from last year, and the median price per square foot was $252.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $217.2K | N/A |
2 Bedrooms | $386.7K | $285K | -26.3% |
3 Bedrooms | $449.5K | $400K | -11.0% |
4 Bedrooms | $589K | $612.5K | +4.0% |
5+ Bedrooms | $399K | $1.0M | +150.6% |
Summary: Mars Hill housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 26.3%, 3 bedroom homes decreased by 11%, 4 bedroom homes increased by 4%, and 5+ bedroom homes increased by 150.6%.
Housing Supply in Mars Hill, NC
How many homes are available in Mars Hill, NC?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
46 | 51 | +10.9% |
Summary: The Mars Hill real estate market had 51 homes for sale in February 2024, a 10.9% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 0 | -100.0% |
2 Bedrooms | 8 | 10 | +25.0% |
3 Bedrooms | 31 | 34 | +9.7% |
4 Bedrooms | 5 | 7 | +40.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Mars Hill housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 9.7%, 4 bedroom homes increased by 40%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
10 | 3 | -70.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Mars Hill in February 2024, down by 70.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for Mars Hill, NC
How long does it take to sell a home in Mars Hill, NC?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
40 Days | 86 Days | +115.0% |
Summary: Homes in Mars Hill had an average of 86 days on market in Feb 2024, up by 115% 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
Summary: During February 2024, 3 homes were sold in Mars Hill; 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.