$1,663 Closing Credit*
$140,000
935 SqFt
2 Beds
•1 Full Bath
Listing Office: ERA Live Moore
Is Marion, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Marion was a Seller's Market.
Key Takeaway
Marion is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Marion, NC
How much do homes in Marion, NC cost?
Median Sold Price
$274,950
$185/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$22,950(+9.1%)
Key Takeaway
Homes in Marion have sold for 9.1% more than they did a year ago.
Summary: The median home sold price in Marion was $274,950 in November 2024, up 9.1% from last year, and the median price per square foot was $185.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $80.5K | $351.5K | +336.6% |
| 2 Bedrooms | $207.5K | $210K | +1.2% |
| 3 Bedrooms | $280K | $300K | +7.1% |
| 4 Bedrooms | $330K | $350K | +6.1% |
| 5+ Bedrooms | $307.5K | $375K | +22.0% |
Summary: Marion housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 336.6%, 2 bedroom homes increased by 1.2%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 6.1%, and 5+ bedroom homes increased by 22%.
Median Sold Price Compared To Nearby Cities
| Nebo | $380K | $520K | +36.8% |
| Nebo Township | $375K | $509.5K | +35.9% |
| Marion | $252K | $274.9K | +9.1% |
Housing Supply in Marion, NC
How many homes are available in Marion, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 107 | 111 | +3.7% |
Summary: The Marion real estate market had 111 homes for sale in November 2024, a 3.7% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 23 | 26 | +13.0% |
| 3 Bedrooms | 69 | 69 | 0.0% |
| 4 Bedrooms | 10 | 12 | +20.0% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The Marion housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 13%, 3 bedroom homes remained the same, 4 bedroom homes increased by 20%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 13 | 10 | -23.1% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Marion, you may be able to get a good deal. 70% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Marion in November 2024, down by 23.1% month-over-month. Of the 10 sold homes, 70% were sold under asking, 10% were sold at asking, and 20% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 49 Days | 23 Days | -53.7% |
Summary: Homes in Marion had an average of 23 days on market in Nov 2024, down by 53.7% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Marion are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 10 homes were sold in Marion; 70% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@MLSGrid.com.