Is Mars Hill, 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, Mars Hill has remained a Seller's Market.
Housing Prices in Mars Hill, NC
How much do homes in Mars Hill, NC cost?
Median Sold Price
$400,000
$254/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Mars Hill was $400,000 in April 2024, down 7% from last year, and the median price per square foot was $254.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $215K | $217.2K | +1.0% |
2 Bedrooms | $308.2K | $302.5K | -1.9% |
3 Bedrooms | $440K | $400K | -9.1% |
4 Bedrooms | $595K | $607.5K | +2.1% |
5+ Bedrooms | $425K | $650K | +52.9% |
Summary: Mars Hill housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1%, 2 bedroom homes decreased by 1.9%, 3 bedroom homes decreased by 9.1%, 4 bedroom homes increased by 2.1%, and 5+ bedroom homes increased by 52.9%.
Housing Supply in Mars Hill, NC
How many homes are available in Mars Hill, NC?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
56 | 56 | 0.0% |
Summary: The Mars Hill real estate market had 56 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 11 | 10 | -9.1% |
3 Bedrooms | 35 | 39 | +11.4% |
4 Bedrooms | 9 | 6 | -33.3% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Mars Hill housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 9.1%, 3 bedroom homes increased by 11.4%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
7 | 11 | +57.1% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in Mars Hill in April 2024, up by 57.1% month-over-month. Of the 11 sold homes, 64% were sold under asking, 18% were sold at asking, and 18% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
72 Days | 77 Days | +6.7% |
Summary: Homes in Mars Hill had an average of 77 days on market in Apr 2024, up by 6.7% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During April 2024, 11 homes were sold in Mars Hill; 55% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 45% of homes were sold over 90 days.