Is Marion, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Marion was a Seller's Market.
Housing Prices in Marion, NC
How much do homes in Marion, NC cost?
Median Sold Price
$260,000
$181/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Marion was $260,000 in May 2024, up 12.3% from last year, and the median price per square foot was $181.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $185K | $56.5K | -69.5% |
2 Bedrooms | $173.5K | $210K | +21.0% |
3 Bedrooms | $239K | $282K | +18.0% |
4 Bedrooms | $277K | $364K | +31.4% |
5+ Bedrooms | $345K | $270K | -21.7% |
Summary: Marion housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 69.5%, 2 bedroom homes increased by 21%, 3 bedroom homes increased by 18%, 4 bedroom homes increased by 31.4%, and 5+ bedroom homes decreased by 21.7%.
Median Sold Price Compared To Nearby Cities
Nebo Township | $334K | $499K | +49.4% |
Nebo | $377.5K | $528K | +39.9% |
Marion | $231.4K | $260K | +12.3% |
Housing Supply in Marion, NC
How many homes are available in Marion, NC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
101 | 97 | -4.0% |
Summary: The Marion real estate market had 97 homes for sale in May 2024, a 4.0% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 3 | +50.0% |
2 Bedrooms | 26 | 29 | +11.5% |
3 Bedrooms | 61 | 54 | -11.5% |
4 Bedrooms | 11 | 10 | -9.1% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Marion housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 11.5%, 3 bedroom homes decreased by 11.5%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
26 | 10 | -61.5% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in Marion in May 2024, down by 61.5% month-over-month. Of the 10 sold homes, 60% were sold under asking, 10% were sold at asking, and 30% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
26 Days | 152 Days | +479.7% |
Summary: Homes in Marion had an average of 152 days on market in May 2024, up by 479.7% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During May 2024, 10 homes were sold in Marion; 40% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.