Is Marvin, 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, Marvin has remained a Seller's Market.
Key Takeaway
Marvin is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Marvin, NC
How much do homes in Marvin, NC cost?
Median Sold Price
$1,145,000
$250/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Marvin have sold for 10.5% more than they did a year ago.
Summary: The median home sold price in Marvin was $1,145,000 in March 2024, up 10.5% from last year, and the median price per square foot was $250.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $537.5K | - | N/A |
| 3 Bedrooms | $729K | $913K | +25.2% |
| 4 Bedrooms | $1.0M | $1.1M | +10.2% |
| 5+ Bedrooms | $1.0M | $1.2M | +14.3% |
Summary: Marvin 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 did not change, 3 bedroom homes increased by 25.2%, 4 bedroom homes increased by 10.2%, and 5+ bedroom homes increased by 14.3%.
Median Sold Price Compared To Nearby Cities
| Waxhaw | $580K | $704K | +21.4% |
| Weddington | $850K | $962K | +13.2% |
| Marvin | $1.0M | $1.1M | +10.5% |
| Sandy Ridge Township | $731.2K | $794.7K | +8.7% |
| Charlotte | $394.7K | $409.4K | +3.7% |
Housing Supply in Marvin, NC
How many homes are available in Marvin, NC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 18 | 14 | -22.2% |
Summary: The Marvin real estate market had 14 homes for sale in March 2024, a 22.2% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 1 | +100.0% |
| 3 Bedrooms | 3 | 1 | -66.7% |
| 4 Bedrooms | 4 | 2 | -50.0% |
| 5+ Bedrooms | 11 | 10 | -9.1% |
Summary: The Marvin 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 100%, 3 bedroom homes decreased by 66.7%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes decreased by 9.1%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 7 | 4 | -42.9% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Marvin, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Marvin in March 2024, down by 42.9% month-over-month. Of the 4 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Marvin, NC
How long does it take to sell a home in Marvin, NC?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 80 Days | 29 Days | -63.4% |
Summary: Homes in Marvin had an average of 29 days on market in Mar 2024, down by 63.4% compared to last year.
Breakdown of Home Sale Times
2 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 Marvin are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 4 homes were sold in Marvin; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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