Is Marshall, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Marshall is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Marshall was a Neutral Market.

Key Takeaway

Marshall is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Marshall, NC

How much do homes in Marshall, NC cost?

Median Sold Price

$477,250

$308/sqft

Based on all homes sold in March 2024.

Difference Since Last Month

+$67,250(+16.4%)

Key Takeaway

Homes in Marshall have sold for 16.4% more than they did a month ago.

Summary: The median home sold price in Marshall was $477,250 in March 2024, up 16.4% from last month, and the median price per square foot was $308.

Median Sold Price By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 $250K-
N/A
2 $410K$455K
+11.0%
3 $152.5K$499.5K
+227.5%
4 $1.3M-
N/A
5+ --
N/A

Summary: Marshall housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 11%, 3 bedroom homes increased by 227.5%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Marshall, NC

How many homes are available in Marshall, NC?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
3643+19.4%

Summary: The Marshall real estate market had 43 homes for sale in March 2024, a 19.4% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 43
-25.0%
2 1011
+10.0%
3 1423
+64.3%
4 31
-66.7%
5+ 55
0.0%

Summary: The Marshall housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes increased by 10%, 3 bedroom homes increased by 64.3%, 4 bedroom homes decreased by 66.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
68+33.3%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Marshall, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in Marshall in March 2024, up by 33.3% month-over-month. Of the 8 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.

Days on Market for Marshall, NC

How long does it take to sell a home in Marshall, NC?

Average Sale Time

Feb 2024Mar 2024CHANGE
109 Days93 Days-14.6%

Summary: Homes in Marshall had an average of 93 days on market in Mar 2024, down by 14.6% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Marshall are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During March 2024, 8 homes were sold in Marshall; 13% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 75% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 18 Days Ago

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