$7,125 Closing Credit*
$599,999
2,736 SqFt
2 Beds
•3 Full Baths
Listing Office: Rinehart Realty Corporation
Is Marvin, 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, Marvin was a Seller's Market.
Key Takeaway
Marvin is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Marvin, NC
How much do homes in Marvin, NC cost?
Median Sold Price
$1,185,000
$271/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$51,064(+4.5%)
Key Takeaway
Homes in Marvin have sold for 4.5% more than they did a year ago.
Summary: The median home sold price in Marvin was $1,185,000 in November 2024, up 4.5% from last year, and the median price per square foot was $271.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $582K | N/A |
| 3 Bedrooms | $976K | $777.5K | -20.3% |
| 4 Bedrooms | $1.1M | $1.2M | +8.9% |
| 5+ Bedrooms | $1.2M | $1.2M | +6.9% |
Summary: Marvin housing prices by bedroom type for November 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 8.9%, and 5+ bedroom homes increased by 6.9%.
Median Sold Price Compared To Nearby Cities
| Weddington | $924.5K | $1.1M | +28.5% |
| Waxhaw | $675K | $739.8K | +9.6% |
| Sandy Ridge Township | $755.7K | $801.3K | +6.0% |
| Marvin | $1.1M | $1.1M | +4.5% |
| Charlotte | $404.6K | $420.4K | +3.9% |
Housing Supply in Marvin, NC
How many homes are available in Marvin, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 25 | 22 | -12.0% |
Summary: The Marvin real estate market had 22 homes for sale in November 2024, a 12.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 2 | 2 | 0.0% |
| 4 Bedrooms | 8 | 5 | -37.5% |
| 5+ Bedrooms | 15 | 15 | 0.0% |
Summary: The Marvin 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 37.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 2 | -60.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Marvin, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Marvin in November 2024, down by 60.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 16 Days | 5 Days | -69.9% |
Summary: Homes in Marvin had an average of 5 days on market in Nov 2024, down by 69.9% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Marvin are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 2 homes were sold in Marvin; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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