Is Marshville Township, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Marshville Township was a Seller's Market.
Key Takeaway
Marshville Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Marshville Township, NC
How much do homes in Marshville Township, NC cost?
Median Sold Price
$349,900
$194/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Marshville Township have sold for 20.7% more than they did a year ago.
Summary: The median home sold price in Marshville Township was $349,900 in May 2024, up 20.7% from last year, and the median price per square foot was $194.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $155K | - | N/A |
| 2 Bedrooms | $190K | $214.2K | +12.7% |
| 3 Bedrooms | $281K | $349.9K | +24.5% |
| 4 Bedrooms | $355K | $385K | +8.5% |
| 5+ Bedrooms | $320K | $440K | +37.5% |
Summary: Marshville Township 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 increased by 12.7%, 3 bedroom homes increased by 24.5%, 4 bedroom homes increased by 8.5%, and 5+ bedroom homes increased by 37.5%.
Median Sold Price Compared To Nearby Cities
| Marshville | $281K | $351.2K | +25.0% |
| Marshville Township | $290K | $349.9K | +20.7% |
| Lanes Creek Township | $359.9K | $380K | +5.6% |
| Wingate | $309K | $325K | +5.2% |
Housing Supply in Marshville Township, NC
How many homes are available in Marshville Township, NC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 37 | 35 | -5.4% |
Summary: The Marshville Township real estate market had 35 homes for sale in May 2024, a 5.4% decrease 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 | 5 | 5 | 0.0% |
| 3 Bedrooms | 20 | 19 | -5.0% |
| 4 Bedrooms | 10 | 10 | 0.0% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Marshville Township 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 decreased by 5%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 10 | 5 | -50.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Marshville Township, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Marshville Township in May 2024, down by 50.0% month-over-month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.
Days on Market for Marshville Township, NC
How long does it take to sell a home in Marshville Township, NC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 7 Days | 97 Days | +1205.8% |
Summary: Homes in Marshville Township had an average of 97 days on market in May 2024, up by 1205.8% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Marshville Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 5 homes were sold in Marshville Township; 40% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
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