Your equity dashboard

The biggest change this year

Fewer homes sold and they took longer. Ten homes changed hands against 15 the year before, median time on market is 59 days and the average 106. The median price fell 15.2% to $178,000 — but with ten sales spread across a very wide range, that is a change in what sold, not a fall in values.

Where the supply is — and isn't

Three homes are for sale — one between $100,000 and $149,999, one between $200,000 and $249,999, and one at $300,000 or above. Four of the past year's ten sales closed between $150,000 and $249,999.

Three things worth knowing

1. 1The market is thin at both ends. A few homes sold at the very bottom of the range — older stock — while a couple sold well above $400,000. Most Marwayne homes trade between roughly $145,000 and $260,000, which is why the median can swing 15% or more on almost no change in underlying values.
2. 2Buyers negotiate here. The median home sold for 94.2% of asking across the full 24-month dataset — one of the lowest in this series — and five of the past year's ten sales needed 60 days or more. Homes that had to relist after failing settled at 91.3% of their last asking price after a median 193 days on market, with a median reduction of $24,900.
3. 3Age sets the price more than size. Detached homes built before 1970 sold at a median $113,750; those from the 1970s and 1980s at $235,000; the two built since 2010 at a median $365,000. Small samples — every one of these bands rests on four homes or fewer.