Is Marvin, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Marvin has remained a Seller's Market.
Housing Prices in Marvin, NC
How much do homes in Marvin, NC cost?
Median Sold Price
$1,150,000
$255/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Marvin was $1,150,000 in May 2024, up 10.6% from last year, and the median price per square foot was $255.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $537.5K | - | N/A |
3 Bedrooms | $729K | $938K | +28.7% |
4 Bedrooms | $1.0M | $1.1M | +3.3% |
5+ Bedrooms | $1.0M | $1.2M | +19.4% |
Summary: Marvin housing prices by bedroom type for May 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 increased by 28.7%, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes increased by 19.4%.
Median Sold Price Compared To Nearby Cities
Waxhaw | $599.4K | $730.8K | +21.9% |
Marvin | $1.0M | $1.1M | +10.6% |
Weddington | $900K | $990K | +10.0% |
Sandy Ridge Township | $730.1K | $801.8K | +9.8% |
Charlotte | $395.2K | $414.4K | +4.9% |
Housing Supply in Marvin, NC
How many homes are available in Marvin, NC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
23 | 32 | +39.1% |
Summary: The Marvin real estate market had 32 homes for sale in May 2024, a 39.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 2 | 0.0% |
3 Bedrooms | 2 | 2 | 0.0% |
4 Bedrooms | 5 | 8 | +60.0% |
5+ Bedrooms | 14 | 20 | +42.9% |
Summary: The Marvin housing inventory by bedroom type for May 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 increased by 60%, and 5+ bedroom homes increased by 42.9%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
3 | 7 | +133.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Marvin in May 2024, up by 133.3% month-over-month. Of the 7 sold homes, 43% were sold under asking, 14% were sold at asking, and 43% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
1 Days | 14 Days | +1060.0% |
Summary: Homes in Marvin had an average of 14 days on market in May 2024, up by 1060% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 7 homes were sold in Marvin; 71% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.