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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Marshall is a neutral's market

Buyer's
Market

Difference Since September 2023

Since last year, Marshall has remained a Neutral Market.

Key Takeaway

Marshall is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Marshall, VA

How much do homes in Marshall, VA cost?

Median Sold Price

$669,500

$268/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$7,000(+1.1%)

Key Takeaway

Homes in Marshall have sold for 1.1% more than they did a year ago.

Summary: The median home sold price in Marshall was $669,500 in September 2024, up 1.1% from last year, and the median price per square foot was $268.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 -$400K
N/A
2 $335.8K$550K
+63.8%
3 $527K$500K
-5.1%
4 $800K$746.5K
-6.7%
5+ $1.1M$1.3M
+14.1%

Summary: Marshall housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 63.8%, 3 bedroom homes decreased by 5.1%, 4 bedroom homes decreased by 6.7%, and 5+ bedroom homes increased by 14.1%.

Median Sold Price Compared To Nearby Cities

Marshall
+1.1%
Wakefield
-20.1%

Housing Supply in Marshall, VA

How many homes are available in Marshall, VA?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
96102+6.3%

Summary: The Marshall real estate market had 102 homes for sale in September 2024, a 6.3% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 57
+40.0%
3 4144
+7.3%
4 2122
+4.8%
5+ 2929
0.0%

Summary: The Marshall housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 40%, 3 bedroom homes increased by 7.3%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
1417+21.4%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

1 Home Was 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. 52.9% of homes here sold below asking price last month.

Summary: A total of 17 homes were sold or pending in Marshall in September 2024, up by 21.4% month-over-month. Of the 17 sold homes, 53% were sold under asking, 41% were sold at asking, and 6% were sold over asking.

Days on Market for Marshall, VA

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

Average Sale Time

Sep 2023Sep 2024CHANGE
40 Days26 Days-34.2%

Summary: Homes in Marshall had an average of 26 days on market in Sep 2024, down by 34.2% compared to last year.

Breakdown of Home Sale Times

13 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Marshall are selling fast, if you're buying plan to act quickly.

Summary: During September 2024, 17 homes were sold in Marshall; 76% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 6% 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 5 Days Ago

Newest Listings in Marshall, VA

Nearby Markets to Marshall, VA

What housing markets are near Marshall, VA?