Is Mars Hill, NC 28754 a buyer’s or seller’s market?
Mars Hill is a buyer’s market. With about 6.7 months of supply, buyers usually have more time and more room to negotiate on price and terms.
More competitive than 10% of U.S. ZIP codes, and #347 of 424 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Mars Hill housing market right now
In the three months ending August 31, 2026, 14% of homes in Mars Hill, NC 28754 sold above their list price, the typical home went under contract in 84 days and there were 6.7 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. That’s based on 43 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 7%, homes sold more slowly (72 days then) and the median sale price rose 10% to $448,306. Overall, Mars Hill is more competitive than a year ago, so tougher for buyers.
On our competition score, Mars Hill ranks #347 of 424 NC ZIP codes with enough sales (score 17 out of 100).
Nearby, buyers who want less competition could look at Marshall 28753 (0% sold over asking) or Hot Springs 28743 (0% sold over asking).
Run the numbers for 28754
Nearby markets
Hot Springs 28743Buyer’s market $259 /sq ftMarshall 28753Balanced $235 /sq ft Browse all markets →Towns like Mars Hill nearby
Find towns like Mars Hill in other states →Where Mars Hill is
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Questions about Mars Hill real estate
Is Mars Hill a buyer’s or seller’s market?
A buyer’s market: there were 6.7 months of supply in Mars Hill, NC 28754 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Mars Hill?
The typical home went under contract in 84 days in the latest three months.
Do homes in Mars Hill sell over asking?
14% of homes sold above their original list price, and the typical sale closed at 96.1% of the list price.
What are property taxes in Mars Hill?
About 0.48% of a home’s value a year in Madison County, or roughly $1,920 on a $400,000 home.
What is the median home price in Mars Hill?
The median sale price was $448,306 in the three months ending August 31, 2026, about $248 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology