$2,849 Closing Credit*
$239,900
1,362 SqFt
3 Beds
•2 Full Baths
Listing Office: Keller Williams Mtn Partners, LLC
Is Mars Hill, 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, Mars Hill was a Seller's Market.
Key Takeaway
Mars Hill is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Mars Hill, NC
How much do homes in Mars Hill, NC cost?
Median Sold Price
$402,500
$256/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$2,500(+0.6%)
Key Takeaway
Homes in Mars Hill have sold for 0.6% more than they did a year ago.
Summary: The median home sold price in Mars Hill was $402,500 in November 2024, up 0.6% from last year, and the median price per square foot was $256.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $216K | $231.2K | +7.1% |
| 2 Bedrooms | $298K | $378.7K | +27.1% |
| 3 Bedrooms | $399.2K | $409.9K | +2.7% |
| 4 Bedrooms | $612.5K | $435K | -29.0% |
| 5+ Bedrooms | $650K | - | N/A |
Summary: Mars Hill housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.1%, 2 bedroom homes increased by 27.1%, 3 bedroom homes increased by 2.7%, 4 bedroom homes decreased by 29%, and 5+ bedroom homes did not change.
Housing Supply in Mars Hill, NC
How many homes are available in Mars Hill, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 52 | 56 | +7.7% |
Summary: The Mars Hill real estate market had 56 homes for sale in November 2024, a 7.7% 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 | 12 | 13 | +8.3% |
| 3 Bedrooms | 36 | 37 | +2.8% |
| 4 Bedrooms | 3 | 5 | +66.7% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Mars Hill 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 8.3%, 3 bedroom homes increased by 2.8%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 5 | -16.7% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mars Hill, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Mars Hill in November 2024, down by 16.7% month-over-month. Of the 5 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 37 Days | 74 Days | +98.1% |
Summary: Homes in Mars Hill had an average of 74 days on market in Nov 2024, up by 98.1% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Mars Hill has remained consistent over time.
Summary: During November 2024, 5 homes were sold in Mars Hill; 20% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
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