Real Estate Market Update for Marion, NC
Welcome to March's Market Update. Lets take a look at residential real-estate activity in your area during the month of February. The number of active listings was down 27% from one year earlier, and down 9% from the previous month. This smaller inventory means that buyers who waited to buy may have had a smaller selection to choose from. As you can see, the median listing price for the month was just under 260-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up more than 300%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just over 130-thousand dollars. The number of units sold increased 40% year-over-year, and decreased 12% month-over-month. Higher year-over-year figures indicate that more buyers have been finding what they're looking for. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
Show Transcript

Map Information for Marion, NC

Area Information for Marion, NC
  • Population: 8,327
  • Median Age: 40.12 yr
  • Median Commute Time: 23 mins
  • Educational Climate*: 3
  • Sales Tax: 0%
  • Population Density: 1,491/sq mi
  • Population Change Since 2000: 9.68%
  • Closest Airport: Grace Hospital
  • Closest College: Montreat College
  • Closest Jr. College: Mcdowell Technical Community College
  • Median Household Income: $33,547
  • Annual Residential Turnover: 0%
  • Median Home Sales Price: $110,000
  • Closest Major Sports Team: Asheville Tourists (a)
  • Change Avg. Household Income Since 2000: 15.11%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Marion, NC
Median Age: 40.12 Married: 33% Number of Households: 3,029 Households with Children: 773
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for Marion, NC

      School Name Distance Type Grades School Rating Parent Rating
      New Manna Christian School 0.6 mi Private PRESCHOOL-12 0 0
      Marion Elementary School 0.9 mi Public K-5 3 0
      East Mcdowell Junior High School 1.2 mi Public 6-8 2 0
      Eastfield Elementary School 1.6 mi Public K-5 2 0
      Glenwood Elementary School 1.6 mi Public PRESCHOOL-5 4 0
      Mcdowell Academy For Innovation 1.7 mi Public 9-12 0 0
      Mcdowell Alternative Education Center 1.7 mi Public 7-12 3 0
      West Mcdowell Junior High School 2.0 mi Public 6-8 3 0
      Mcdowell High School 2.1 mi Public 9-12 3 3
      Pleasant Gardens Elementary School 3.3 mi Public PRESCHOOL-5 3 0
      Mcdowell Early Colle 3.3 mi Public 9-12 0 4
      West Marion Elementary School 4.8 mi Public K-5 2 0
      North Cove Elementary School 7.6 mi Public PRESCHOOL-5 3 0
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area.
      Local Weather for Marion, NC
        Data powered by Attom Data Solutions. Copyright© 2020. Information deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.