Housing Market Report for Madison County Schools School District, NC

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This housing market report uses absorption rates to track supply and demand for Madison County Schools School District, NC. With 16 months of inventory across all segments, conditions currently favor buyers — more homes are available than active buyers, creating more room to negotiate on price and terms. Use the tables below to explore specific price ranges and property types in detail. [Last updated: October 9, 2026]

What is an Absorption Rate? How is Absorption Rate calculated? How is Months of Inventory calculated? Market Conditions Guide

Seller's Market

Under 3 months

High demand, low inventory. Homes sell fast, often above asking price. Sellers hold leverage.

Balanced Market

3 – 6 months

Supply and demand are roughly equal. Prices are stable and negotiations are more equitable.

Buyer's Market

Over 6 months

More supply than demand. Buyers can negotiate, request concessions, and take their time.

Houses

Hottest Segment 🔥

$550k – $600k

Absorption rate of 0.7, with 1.5 months of inventory.

Coolest Segment ❄️

$600k – $650k

With 54 months of inventory, buyers have more time and negotiating power in this range.

Most Active

$400k – $425k

2 active listings with 7 sold in the last 6 months.

Market Overview

All Segments

With 10.6 months of inventory overall, buyers currently hold the advantage.

List Price	Available	Sold Last 6 Months	Absorption Rate	Months of Inventory	Market
125k-150k	1	1	0.2	6	Balanced
$135,000 2828 Chandler Creek Rd. Mars Hill, NC
$147,000 14084 Us 23 Hwy. Mars Hill, NC

150k-175k	1		0
$174,000 264 Rebel Dr. Hot Springs, NC


225k-250k	2		0
$229,000 286 Rebel Dr. Hot Springs, NC $235,000 1115 Paint Rock Rd. Hot Springs, NC


250k-275k		1	0.2	0	Seller's

$275,000 29 Ponder St. Mars Hill, NC

275k-300k		3	0.5	0	Seller's

$300,000 280 Timberside Dr. Mars Hill, NC $300,000 230 S Main St. Mars Hill, NC $280,000 132 E View Dr. Mars Hill, NC

300k-325k	5	3	0.1	10	Buyer's
$322,600 10755 Nc 209 Hwy. Hot Springs, NC $319,900 193 Timberside Dr. Mars Hill, NC $325,000 1797 Calvin Edney Rd. Mars Hill, NC $315,000 201 Hampton Gap Dr. Mars Hill, NC $322,000 40 Quinn Hill Ln. Mars Hill, NC
$309,900 450 Berry Wills Rd. Hot Springs, NC $319,900 191 Patriot Pl. Mars Hill, NC $320,000 629 Bailey St. Mars Hill, NC

325k-350k	7	2	0	21
$350,000 59 Ck Cabin Dr. Hot Springs, NC $350,000 154 Timberside Dr. Mars Hill, NC $340,000 47 Stone Cottage Rd. Mars Hill, NC $349,000 560 Bailey Mountain Rd. Mars Hill, NC $327,000 200 Quinn Hill Ln. #78 Mars Hill, NC $327,000 755 Fairview Loop Hot Springs, NC $330,000 162 Phillips Valley Rd. Mars Hill, NC
$345,000 1040 Oak Ridge Ln. Mars Hill, NC $343,000 256 Phillips Valley Rd. Mars Hill, NC

350k-375k	2	3	0.3	4	Balanced
$374,900 300 Buck Dr. Hot Springs, NC $375,000 275 Quinn Hill Ln. #90 Mars Hill, NC
$365,000 474 N Main St. Mars Hill, NC $355,000 479 Quinn Hill Ln. Mars Hill, NC $370,000 2665 El Miner Dr. Mars Hill, NC

375k-400k	12	3	0	24
$397,500 988 English Ridge Dr. Mars Hill, NC $400,000 626 Fairview Loop Hot Springs, NC $400,000 1717 Howard Moore Rd. Hot Springs, NC $400,000 92 Parkway View Rd. Mars Hill, NC $399,000 210 Spring Valley Dr. #624 & 625 Mars Hill, NC $389,900 524 Mcdaris Loop Dr. #179/180 Mars Hill, NC $395,000 73 Oak Ridge Ct. Mars Hill, NC $390,000 170 Lucas Ln. Mars Hill, NC $400,000 963 El Miner Dr. Mars Hill, NC $399,900 290 Appalachian Way Mars Hill, NC $379,000 82 Hill St. Hot Springs, NC $398,750 251 Village Ln. Mars Hill, NC
$390,000 181 Leisure Ridge Dr. Mars Hill, NC $395,000 262 Appalachian Way Mars Hill, NC $393,000 56 White Oak Pl. Mars Hill, NC

400k-425k	2	7	0.6	1.7	Seller's
$415,000 228 Ridgeview Ln. Mars Hill, NC $425,000 284 Chestnut St. Mars Hill, NC
$424,900 98 Harmony Hill Ln. Mars Hill, NC $415,000 132 Ridgeview Ln. Mars Hill, NC $424,000 345 Ridgeview Ln. Mars Hill, NC $422,500 395 Spring Dr. Mars Hill, NC $420,000 17 Greer Way Mars Hill, NC $418,730 227 E Lawson St. Hot Springs, NC $406,000 1590 Bruce Rd. Mars Hill, NC

425k-450k	4	5	0.2	4.8	Balanced
$450,000 5881 Us 23 Hwy. Mars Hill, NC $429,000 35 Rutledge Ln. Mars Hill, NC $440,000 56 Big Branch Dr. Mars Hill, NC $435,000 431 Pine Ridge Rd. Mars Hill, NC
$433,500 37 Duck Dr. Mars Hill, NC $435,000 474 Smith Creek Rd. Mars Hill, NC $449,000 21 Ponder St. Mars Hill, NC $450,000 129 Cash Phillips Dr. Mars Hill, NC $443,200 111 S Valley View Dr. Mars Hill, NC

450k-475k	2		0
$475,000 343 Chestnut Village Ln. #11 & 12 Mars Hill, NC $465,000 140 N Main St. #1 Mars Hill, NC


475k-500k	2	3	0.3	4	Balanced
$489,000 38 Sunrise Dr. Mars Hill, NC $499,000 115 Laurel Wood Dr. #6 Mars Hill, NC
$484,000 868 English Ridge Dr. Mars Hill, NC $485,000 565 Bailey St. Mars Hill, NC $480,000 195 Oak Ln. Mars Hill, NC

500k-550k	8		0
$545,000 119 Fox Den Rd. Mars Hill, NC $515,000 1487 Poplar Gap Rd. Hot Springs, NC $525,000 6090 Us 23 Hwy. Mars Hill, NC $549,000 49 Grace Ct. Mars Hill, NC $525,000 5810 Us 23 Hwy. Mars Hill, NC $549,000 7835 Us 23 Hwy. Mars Hill, NC $529,000 850 Mountain Haven Dr. Mars Hill, NC $535,000 280 Kelses Valley Dr. Mars Hill, NC


550k-600k	1	4	0.7	1.5	Seller's
$599,000 184 Sandys Home Pl. Mars Hill, NC
$565,000 74 Woodson Dr. Mars Hill, NC $555,000 169 N Serpentine Ave. Hot Springs, NC $600,000 692 Mckinney Gap Dr. Mars Hill, NC $580,000 1209 Mckinney Gap Dr. Mars Hill, NC

600k-650k	9	1	0	54
$635,000 95 Breakaway Tr. Mars Hill, NC $624,000 553 River Bend Dr. Mars Hill, NC $619,000 12892 Us 23 Hwy. Mars Hill, NC $620,000 145 Lucas Ln. Mars Hill, NC $619,000 1065 Oak Ridge Ln. #713 Mars Hill, NC $649,900 624 Fox Den Rd. Mars Hill, NC $635,000 446 Amanda Dr. Mars Hill, NC $649,000 181 Flint Morgan Rd. Mars Hill, NC $649,500 300 Green Meadow Ln. Mars Hill, NC
$625,000 224 Country Dr. Mars Hill, NC

650k-700k	3	2	0.1	9	Buyer's
$695,000 257 Henderson Dr. Hot Springs, NC $656,700 79 Walnut St. Hot Springs, NC $672,500 1617 California Creek Rd. Mars Hill, NC
$675,000 200 Duck Dr. Mars Hill, NC $663,000 491 S South Valley View Dr. Mars Hill, NC

700k-750k	1	2	0.3	3	Balanced
$710,000 146 Gentry Farm Dr. Hot Springs, NC
$740,000 186 Cottage Ln. Mars Hill, NC $705,000 1082 S Main St. Mars Hill, NC

750k-800k	1		0
$779,000 1185 Black Bear Dr. Mars Hill, NC


800k-850k	4	1	0	24
$823,900 29 Walnut St. Hot Springs, NC $849,000 326 El Miner Dr. Mars Hill, NC $849,000 514 Roy Forrester Rd. Mars Hill, NC $849,000 291 Haw View View Mars Hill, NC
$805,000 191 Ivy Way Mars Hill, NC

850k-900k	2	2	0.2	6	Balanced
$895,000 1390 Baltimore Branch Rd. Hot Springs, NC $879,000 52 Mountain Park Dr. Mars Hill, NC
$870,000 34 Wolfs Head Ct. Mars Hill, NC $870,000 518 Forest Ridge Dr. Mars Hill, NC

900k-950k	1	1	0.2	6	Balanced
$929,000 721 Mckinney Gap Dr. Mars Hill, NC
$940,000 1067 English Ridge Dr. Mars Hill, NC

950k-1m	4	1	0	24
$1,000,000 8485 Meadow Fork Rd. Hot Springs, NC $990,000 1185 & 1115 Black Bear Dr. Mars Hill, NC $985,000 1060 California Creek Rd. Mars Hill, NC $989,000 311 Wonderly Ln. Mars Hill, NC
$975,000 1060 Indian Camp Creek Rd. Hot Springs, NC

1.1m-1.2m	1		0
$1,150,000 170 Bull Creek Rd. Mars Hill, NC


1.5m-1.6m	1		0
$1,600,000 107 Lee Ln. Mars Hill, NC


1.6m-1.7m	1		0
$1,635,000 1387 Woods Ammons Rd. Mars Hill, NC


1.7m-1.8m	1		0
$1,795,000 204 Lawson St. Hot Springs, NC


1.9m-2m		1	0.2	0	Seller's

$1,910,000 351 Buck Springs Run Mars Hill, NC

2.25m-2.5m	2		0
$2,400,000 122 Running Deer Ln. Mars Hill, NC $2,500,000 51 Airport Rd. Mars Hill, NC


2.75m-3m	1		0
$2,970,000 360 Turkey Branch Rd. Mars Hill, NC

Townhouses

Hottest Segment 🔥

$450k – $475k

Absorption rate of 0.

Most Active

$450k – $475k

1 active listings with 0 sold in the last 6 months.

List Price	Available	Absorption Rate
450k-475k	1	0
$459,000 302 Eagles Nest Ct. Mars Hill, NC

Land

Hottest Segment 🔥

$150k – $175k

Absorption rate of 0.3, with 3 months of inventory.

Coolest Segment ❄️

$75k – $100k

With 132 months of inventory, buyers have more time and negotiating power in this range.

Most Active

$150k – $175k

1 active listings with 2 sold in the last 6 months.

Market Overview

All Segments

With 46.5 months of inventory overall, buyers currently hold the advantage.

List Price	Available	Sold Last 6 Months	Absorption Rate	Months of Inventory	Market
0-25k	15		0
$15,000 000 Flame Azalea Ln. #93 Mars Hill, NC $15,000 000 Weaver Ln. #182 Mars Hill, NC $15,000 000 El Miner Dr. #551 Mars Hill, NC $15,000 000 Puncheon Ln. #151 Mars Hill, NC $15,000 000 Chestnut Ln. #80 Mars Hill, NC $15,000 000 Puncheon Ln. #170 Mars Hill, NC $15,000 000 Bee Tree Ln. #69 Mars Hill, NC $19,200 000 El Miner Dr. #577 Mars Hill, NC $19,200 000 El Miner Dr. #515 Mars Hill, NC $19,200 000 El Miner Dr. #516 Mars Hill, NC $15,000 00 Spring Brook Dr. #314 Mars Hill, NC $16,000 000 Granny Shepherd Rd. #lot 4 Mars Hill, NC $16,000 000 Granny Shepherd Rd. #Lot 2 Mars Hill, NC $16,000 000 Granny Shepherd Rd. #Lot 3 Mars Hill, NC $7,500 38 Gardenside Ln. Mars Hill, NC


25k-50k	4		0
$50,000 700 Wooded Mountain Tr. Mars Hill, NC $29,900 141 Sunrise Dr. #14 Mars Hill, NC $50,000 35 Settlers Tr. Mars Hill, NC $34,900 TBD Meadow Fork Rd. Hot Springs, NC


50k-75k	5		0
$63,000 000 El Miner Dr. #464 Mars Hill, NC $58,000 189 Sandys Home Pl. #Lot 7B Mars Hill, NC $60,000 646 El Miner Dr. Mars Hill, NC $60,000 000 Fox Den Rd. #109 Mars Hill, NC $74,000 9999 Nc 209 Hwy. Hot Springs, NC


75k-100k	22	1	0	132
$79,900 285 Granny Lewis Ln. Mars Hill, NC $99,900 9999 Country Dr. Mars Hill, NC $80,000 TBD Peddlers Tr. #26 Mars Hill, NC $99,900 TBD Us 23 Hwy. Mars Hill, NC $95,000 9999 Settlers Tr. #52 Mars Hill, NC $90,000 9999 Settlers Tr. #44 Mars Hill, NC $90,000 9999 Settlers Tr. #45 Mars Hill, NC $90,000 9999 Settlers Tr. #51 Mars Hill, NC $85,000 9999 Settlers Tr. #39 Mars Hill, NC $85,000 9999 Settlers Tr. #43 Mars Hill, NC $85,000 9999 Settlers Tr. #46 Mars Hill, NC $80,000 9999 Gabriels Creek Rd. #41 Mars Hill, NC $80,000 9999 Gabriels Creek Rd. #42 Mars Hill, NC $80,000 9999 Settlers Tr. #53 Mars Hill, NC $85,000 9999 Settlers Tr. #48 Mars Hill, NC $90,000 0000 Whispering Woods Path #95-A Mars Hill, NC $84,900 00000 Meadow Fork School Rd. Hot Springs, NC $85,000 344 Running Deer Ln. #71 Mars Hill, NC $92,000 0 NO 911 ADDRESS ASSIGNED Mountain Park Dr. #4 Mars Hill, NC $99,000 248 Big Branch Dr. #2B Mars Hill, NC $99,000 292 Big Branch Dr. #2C Mars Hill, NC $99,000 374 Big Branch Dr. #Lot 2 D Mars Hill, NC
$100,000 (NE Lot) Meadow Fork Rd. Hot Springs, NC

100k-125k	2		0
$125,000 220 Screaming Eagle Dr. Mars Hill, NC $115,000 6080 River Rd. Hot Springs, NC


125k-150k	4		0
$149,000 00 Parkway View Rd. Mars Hill, NC $149,990 000 Hamburg Rd. #17 Mars Hill, NC $140,000 765 River Rd. Hot Springs, NC $145,000 821 River Rd. Hot Springs, NC


150k-175k	1	2	0.3	3	Balanced
$175,000 9999 Settlers Tr. #38 Mars Hill, NC
$159,900 (East Lot) Meadow Fork Rd. Hot Springs, NC $159,900 (South Lot) Meadow Fork Rd. Hot Springs, NC

175k-200k	1		0
$199,900 999 Nc 209 Hwy. #9 Hot Springs, NC


225k-250k		1	0.2	0	Seller's

$243,000 (West Lot) Meadow Fork Rd. Hot Springs, NC

325k-350k		1	0.2	0	Seller's

$340,000 890 Panther Branch Rd. Hot Springs, NC

375k-400k	2	1	0.1	12	Buyer's
$397,500 TBD Baltimore Branch Rd. Hot Springs, NC $399,980 000 Hamburg Rd. #49 Mars Hill, NC
$400,000 168 Smith Creek Rd. Mars Hill, NC

400k-425k	1		0
$425,000 000 Puncheon Fork Rd. Mars Hill, NC


425k-450k	3		0
$450,000 1075 Calvin Edney Rd. Mars Hill, NC $433,200 TBD South Main St. Mars Hill, NC $429,000 TBD Twin Oaks Rd. Mars Hill, NC


450k-475k	1		0
$460,000 137 Cowboy Ln. Hot Springs, NC


650k-700k		1	0.2	0	Seller's

$656,000 407 Spicewood Tr. Mars Hill, NC

750k-800k	1		0
$799,000 1672 Crossroads Pkwy. Mars Hill, NC


1.1m-1.2m		1	0.2	0	Seller's

$1,200,000 TBD California Creek Rd. Mars Hill, NC