$6,056 Closing Credit*
$510,000
2,522 SqFt
4 Beds
•3 Full Baths, 1 Partial
Listing Office: COMPASS
Is Iron Station, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Iron Station was a Neutral Market.
Key Takeaway
Iron Station is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Iron Station, NC
How much do homes in Iron Station, NC cost?
Median Sold Price
$425,000
$224/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$9,750(-2.2%)
Key Takeaway
Homes in Iron Station have sold for 2.2% less than they did a year ago.
Summary: The median home sold price in Iron Station was $425,000 in October 2024, down 2.2% from last year, and the median price per square foot was $224.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $427.8K | $345K | -19.4% |
| 3 Bedrooms | $398.5K | $338.7K | -15.0% |
| 4 Bedrooms | $463.5K | $610K | +31.6% |
| 5+ Bedrooms | $576.5K | $1.1M | +91.6% |
Summary: Iron Station housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 19.4%, 3 bedroom homes decreased by 15%, 4 bedroom homes increased by 31.6%, and 5+ bedroom homes increased by 91.6%.
Median Sold Price Compared To Nearby Cities
| Catawba Springs Township | $490.2K | $540K | +10.2% |
| Denver | $485K | $520.2K | +7.3% |
| Ironton Township | $340K | $336.2K | -1.1% |
| Iron Station | $434.7K | $425K | -2.2% |
Housing Supply in Iron Station, NC
How many homes are available in Iron Station, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 26 | 30 | +15.4% |
Summary: The Iron Station real estate market had 30 homes for sale in October 2024, a 15.4% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 16 | 20 | +25.0% |
| 4 Bedrooms | 6 | 5 | -16.7% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Iron Station housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 25%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 4 | -20.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Iron Station, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Iron Station in October 2024, down by 20.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.
Days on Market for Iron Station, NC
How long does it take to sell a home in Iron Station, NC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 50 Days | 26 Days | -46.5% |
Summary: Homes in Iron Station had an average of 26 days on market in Oct 2024, down by 46.5% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Iron Station are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 4 homes were sold in Iron Station; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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