Is Marion, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Marion has remained a Seller's Market.
Housing Prices in Marion, NC
How much do homes in Marion, NC cost?
Median Sold Price
$258,333
$181/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Marion was $258,333 in April 2024, up 14.9% from last year, and the median price per square foot was $181.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $185K | $80.5K | -56.5% |
2 Bedrooms | $160K | $212.7K | +33.0% |
3 Bedrooms | $235K | $282K | +20.0% |
4 Bedrooms | $269.5K | $350K | +29.9% |
5+ Bedrooms | $345K | $270K | -21.7% |
Summary: Marion housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 56.5%, 2 bedroom homes increased by 33%, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 29.9%, and 5+ bedroom homes decreased by 21.7%.
Median Sold Price Compared To Nearby Cities
Nebo Township | $355.5K | $446.2K | +25.5% |
Marion | $224.9K | $258.3K | +14.9% |
Nebo | $395K | $447.5K | +13.3% |
Housing Supply in Marion, NC
How many homes are available in Marion, NC?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
98 | 105 | +7.1% |
Summary: The Marion real estate market had 105 homes for sale in April 2024, a 7.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 24 | 27 | +12.5% |
3 Bedrooms | 59 | 63 | +6.8% |
4 Bedrooms | 12 | 12 | 0.0% |
5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Marion housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 6.8%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
19 | 23 | +21.1% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 23 homes were sold or pending in Marion in April 2024, up by 21.1% month-over-month. Of the 23 sold homes, 65% were sold under asking, 17% were sold at asking, and 17% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
30 Days | 95 Days | +207.6% |
Summary: Homes in Marion had an average of 95 days on market in Apr 2024, up by 207.6% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Summary: During April 2024, 23 homes were sold in Marion; 43% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 48% of homes were sold over 90 days.