Is Marshall, VA 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, Marshall has remained a Seller's Market.
Key Takeaway
Marshall is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Marshall, VA
How much do homes in Marshall, VA cost?
Median Sold Price
$669,000
$258/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Marshall have sold for 24.3% more than they did a year ago.
Summary: The median home sold price in Marshall was $669,000 in April 2024, up 24.3% from last year, and the median price per square foot was $258.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $430K | $550K | +27.9% |
| 2 Bedrooms | $290K | $495K | +70.7% |
| 3 Bedrooms | $500K | $515K | +3.0% |
| 4 Bedrooms | $660K | $750K | +13.6% |
| 5+ Bedrooms | $839K | $1.1M | +37.1% |
Summary: Marshall housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 27.9%, 2 bedroom homes increased by 70.7%, 3 bedroom homes increased by 3%, 4 bedroom homes increased by 13.6%, and 5+ bedroom homes increased by 37.1%.
Housing Supply in Marshall, VA
How many homes are available in Marshall, VA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 83 | 83 | 0.0% |
Summary: The Marshall real estate market had 83 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 | 2 | 3 | +50.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 40 | 40 | 0.0% |
| 4 Bedrooms | 26 | 22 | -15.4% |
| 5+ Bedrooms | 15 | 18 | +20.0% |
Summary: The Marshall housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 15.4%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 20 | 23 | +15.0% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Marshall, you may be able to get a good deal. 47.8% of homes here sold below asking price last month.
Summary: A total of 23 homes were sold or pending in Marshall in April 2024, up by 15.0% month-over-month. Of the 23 sold homes, 48% were sold under asking, 22% were sold at asking, and 30% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 32 Days | 54 Days | +67.2% |
Summary: Homes in Marshall had an average of 54 days on market in Apr 2024, up by 67.2% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Marshall are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 23 homes were sold in Marshall; 57% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 26% of homes were sold over 90 days.
Information is provided by Charlottesville Area Association of Realtors®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user.