$8,312 Closing Credit¹
Listing Office: Patton Allen Real Estate LLC
Mars Hill Housing Market Report March 2025•Madison County, North Carolina
Housing Prices in Mars Hill, NC
How much do homes in Mars Hill, NC cost?
Housing Market Conditions
Is Mars Hill, NC a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Mars Hill is a Neutral Market
Difference Since March 2024
At the same time last year, Mars Hill was a Buyer's Market.
Insight
Mars Hill is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Median Sold Price
$415,445$259/SqFt
+$19,695
+5.0%
Based on all homes sold in the last 12 months
Insight
Homes in Mars Hill have sold for 5% more than they did a year ago.
Summary: The median home sold price in Mars Hill was $415,445 in March 2025, up 5% from last year, and the median price per square foot was $259.
Median Sold Price By Bedrooms
| Beds | Mar 2024 | Mar 2025 | Change YoY |
|---|---|---|---|
| 11 Bedroom | $217.5K | $245K | +12.6% |
| 22 Bedrooms | $297.2K | $395K | +32.9% |
| 33 Bedrooms | $400K | $406K | +1.5% |
| 44 Bedrooms | $620K | $442.5K | -28.6% |
| 55+ Bedrooms | $1.0M | - | N/A |
Summary: Mars Hill housing price by bedroom type for March 2025, compared to the previous year. The home price for 1 bedroom homes increased by +12.6%. The home price for 2 bedroom homes increased by +32.9%. The home price for 3 bedroom homes increased by +1.5%. The home price for 4 bedroom homes decreased by -28.6%. The home price for 5 bedroom homes did not change.
How does Mars Hill, NC compare with other places?
Market comparison tool
Data and numbers shown are subject to change and may vary based on different timeframes.
Mars Hill, NC
Housing supply in Mars Hill, NC
How many homes are available in Mars Hill, NC?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 73Last MonthMar 2025 | ||
| 542 months agoFeb 2025 | +35.2 % Change MoMFeb – Mar |
Summary: The Mars Hill real estate market had 73 homes for sale in Mar 2025, a 35.2 % increase compared to Feb 2025.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 11Last MonthMar 2025 | ||
| 32 months agoFeb 2025 | +266.7 % Change MoMFeb – Mar |
Homes For Sale By Bedroom Count
| Beds | Feb 2025 | Mar 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 2 | 3 | +50.0% |
| 22 Bedrooms | 9 | 15 | +66.7% |
| 33 Bedrooms | 37 | 46 | +24.3% |
| 44 Bedrooms | 5 | 8 | +60.0% |
| 55+ Bedrooms | 1 | 1 | 0.0% |
Summary: Mars Hill housing inventory by bedroom type for March 2025, compared to the previous month. The inventory for 1 bedroom homes increased by +50.0%. The inventory for 2 bedroom homes increased by +66.7%. The inventory for 3 bedroom homes increased by +24.3%. The inventory for 4 bedroom homes increased by +60.0%. The inventory for 5 bedroom homes remained the same.
Asking Price vs. Sold Price
How much do homes in Mars Hill, NC cost?
Over Asking Price2 Homes
At Asking Price2 Homes
Under Asking Price7 Homes
Insight
If you're buying a home in Mars Hill, you may be able to get a good deal. 63.6% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in Mars Hill in March 2025, up by 266.7% month-over-month. Of the 11 sold homes, 64% were sold under asking, 18% were sold at asking, and and 18% were sold over asking.
Days on Market for Mars Hill, NC
How long does it take to sell a home in Mars Hill, NC?
Breakdown of Home Sale Times
Under 30 Days6 Homes
30 – 90 Days2 Homes
Over 90 Days3 Homes
Insight
Many homes in Mars Hill are selling fast, if you're buying plan to act quickly.
Summary: During March 2025, 11 homes were sold in Mars Hill; 55% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 52 DaysThis YearMar 2025 | ||
| 131 Days1 year agoMar 2024 | -59.9 % Change YoYMar 2024 – Mar 2025 |
Summary: Homes in Mars Hill had an average listing age of 52 days in Mar 2025, down by 59.9% compared to the previous year.
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Newest Listings in Mars Hill, NC
What homes are available in Mars Hill, NC?
$5,344 Closing Credit¹
Listing Office: Century 21 Foley Realty
$7,600 Closing Credit¹
Listing Office: EXP Realty LLC
Listing Office: French Broad Real Estate Co.
Listing Office: Walnut Cove Realty/Allen Tate/Beverly-Hanks
Listing Office: Open Skies Realty, LLC
$6,958 Closing Credit¹
Listing Office: Lusso Realty
Listing Office: Wolf Mountain Realty, Inc.
Listing Office: Wolf Mountain Realty, Inc.
Listing Office: Wolf Mountain Realty, Inc.
Listing Office: Wolf Mountain Realty, Inc.
Listing Office: Wolf Mountain Realty, Inc.
Nearby markets
Nearby markets aren't available for Mars Hill, NC
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MLS Disclaimers and Copyright
Based on information from Canopy MLS, for the period 04/01/2023 - 04/01/2025
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Last updated on: 4/13/2025, 11:51:48 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.