$10,000 Closing Credit*
$1,049,995
4,032 SqFt
5 Beds
•4 Full Baths
Listing Office: Red Bricks Realty LLC
Is Marvin, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Marvin has remained a Seller's Market.
Key Takeaway
Marvin is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Marvin, NC
How much do homes in Marvin, NC cost?
Median Sold Price
$1,167,250
$273/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$37,782(+3.3%)
Key Takeaway
Homes in Marvin have sold for 3.3% more than they did a year ago.
Summary: The median home sold price in Marvin was $1,167,250 in October 2024, up 3.3% from last year, and the median price per square foot was $273.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $582K | N/A |
| 3 Bedrooms | $976K | $777.5K | -20.3% |
| 4 Bedrooms | $1.1M | $1.1M | +4.2% |
| 5+ Bedrooms | $1.2M | $1.2M | +7.5% |
Summary: Marvin 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 did not change, 3 bedroom homes decreased by 20.3%, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes increased by 7.5%.
Median Sold Price Compared To Nearby Cities
| Weddington | $921K | $1.1M | +29.0% |
| Waxhaw | $672.1K | $740K | +10.1% |
| Sandy Ridge Township | $750.5K | $802.7K | +7.0% |
| Charlotte | $402K | $418.8K | +4.2% |
| Marvin | $1.1M | $1.1M | +3.3% |
Housing Supply in Marvin, NC
How many homes are available in Marvin, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 27 | 26 | -3.7% |
Summary: The Marvin real estate market had 26 homes for sale in October 2024, a 3.7% decrease 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 | 1 | 0 | -100.0% |
| 3 Bedrooms | 2 | 2 | 0.0% |
| 4 Bedrooms | 10 | 9 | -10.0% |
| 5+ Bedrooms | 14 | 15 | +7.1% |
Summary: The Marvin 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 decreased by 100%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 10%, and 5+ bedroom homes increased by 7.1%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 5 | +25.0% |
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 Marvin, 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 Marvin in October 2024, up by 25.0% 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 Marvin, NC
How long does it take to sell a home in Marvin, NC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 26 Days | 30 Days | +15.4% |
Summary: Homes in Marvin had an average of 30 days on market in Oct 2024, up by 15.4% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Marvin are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 5 homes were sold in Marvin; 80% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
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