$6,651 Closing Credit*
$560,055
2,092 SqFt
3 Beds
•2 Full Baths, 2 Partial
Shannon Lynn Bray, Listing Office: Pearson Smith Realty, LLC
Is Marshall, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Marshall has remained a Seller's Market.
Key Takeaway
Marshall is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Marshall, VA
How much do homes in Marshall, VA cost?
Median Sold Price
$658,228
$265/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$53,446(-7.5%)
Key Takeaway
Homes in Marshall have sold for 7.5% less than they did a year ago.
Summary: The median home sold price in Marshall was $658,228 in November 2024, down 7.5% from last year, and the median price per square foot was $265.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $400K | $425K | +6.3% |
| 2 Bedrooms | $449K | $570K | +26.9% |
| 3 Bedrooms | $521K | $515K | -1.2% |
| 4 Bedrooms | $800K | $720K | -10.0% |
| 5+ Bedrooms | $1.2M | $1.3M | +7.9% |
Summary: Marshall housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.3%, 2 bedroom homes increased by 26.9%, 3 bedroom homes decreased by 1.2%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes increased by 7.9%.
Housing Supply in Marshall, VA
How many homes are available in Marshall, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 114 | 111 | -2.6% |
Summary: The Marshall real estate market had 111 homes for sale in November 2024, a 2.6% decrease 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 | 7 | 9 | +28.6% |
| 3 Bedrooms | 46 | 42 | -8.7% |
| 4 Bedrooms | 32 | 31 | -3.1% |
| 5+ Bedrooms | 28 | 28 | 0.0% |
Summary: The Marshall 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 28.6%, 3 bedroom homes decreased by 8.7%, 4 bedroom homes decreased by 3.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 21 | 24 | +14.3% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Marshall, you could pay more than the asking price. 37.5% of homes here sold above asking price last month.
Summary: A total of 24 homes were sold or pending in Marshall in November 2024, up by 14.3% month-over-month. Of the 24 sold homes, 29% were sold under asking, 33% were sold at asking, and 38% were sold over asking.
Days on Market for Marshall, VA
How long does it take to sell a home in Marshall, VA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 38 Days | 35 Days | -8.7% |
Summary: Homes in Marshall had an average of 35 days on market in Nov 2024, down by 8.7% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Marshall are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 24 homes were sold in Marshall; 58% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
Information is provided by Charlottesville Area Association of Realtors®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user.