Is Mars Hill, 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, Mars Hill has remained a Seller's Market.
Housing Prices in Mars Hill, NC
How much do homes in Mars Hill, NC cost?
Median Sold Price
$420,995
$254/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Mars Hill was $420,995 in May 2024, down 0.9% from last year, and the median price per square foot was $254.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $216K | $217.5K | +0.7% |
2 Bedrooms | $291.5K | $310K | +6.3% |
3 Bedrooms | $410K | $415K | +1.2% |
4 Bedrooms | $595K | $601.5K | +1.1% |
5+ Bedrooms | $650K | - | N/A |
Summary: Mars Hill housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.7%, 2 bedroom homes increased by 6.3%, 3 bedroom homes increased by 1.2%, 4 bedroom homes increased by 1.1%, 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
Apr 2024 | May 2024 | CHANGE |
---|---|---|
63 | 67 | +6.3% |
Summary: The Mars Hill real estate market had 67 homes for sale in May 2024, a 6.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 11 | 9 | -18.2% |
3 Bedrooms | 40 | 44 | +10.0% |
4 Bedrooms | 11 | 14 | +27.3% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Mars Hill housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 18.2%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 27.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
12 | 12 | 0.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Mars Hill in May 2024, the same as the previous month. Of the 12 sold homes, 58% were sold under asking, 8% were sold at asking, and 33% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
44 Days | 68 Days | +52.9% |
Summary: Homes in Mars Hill had an average of 68 days on market in May 2024, up by 52.9% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During May 2024, 12 homes were sold in Mars Hill; 42% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.