Is Marion County, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Marion County has remained a Seller's Market.
Housing Prices in Marion County, IL
How much do homes in Marion County, IL cost?
Median Sold Price
$117,500
$77/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Marion County was $117,500 in May 2024, up 5.7% from last year, and the median price per square foot was $77.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $35K | $59.2K | +69.1% |
2 Bedrooms | $65K | $70.4K | +8.4% |
3 Bedrooms | $124K | $124.5K | 0.4% |
4 Bedrooms | $165.7K | $155K | -6.5% |
5+ Bedrooms | $186.5K | $220K | +18.0% |
Summary: Marion County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 69.1%, 2 bedroom homes increased by 8.4%, 3 bedroom homes increased by 0.4%, 4 bedroom homes decreased by 6.5%, and 5+ bedroom homes increased by 18%.
Median Sold Price Compared To Nearby Counties
Jefferson County | $124.7K | $140K | +12.3% |
Fayette County | $111.5K | $120K | +7.6% |
Marion County | $111.2K | $117.5K | +5.7% |
Clinton County | $180.6K | $189.3K | +4.8% |
Clay County | $89.9K | $89.9K | -0.1% |
Housing Supply in Marion County, IL
How many homes are available in Marion County, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
116 | 135 | +16.4% |
Summary: The Marion County real estate market had 135 homes for sale in May 2024, a 16.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 4 | +100.0% |
2 Bedrooms | 36 | 40 | +11.1% |
3 Bedrooms | 58 | 60 | +3.4% |
4 Bedrooms | 17 | 25 | +47.1% |
5+ Bedrooms | 3 | 6 | +100.0% |
Summary: The Marion County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 3.4%, 4 bedroom homes increased by 47.1%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
24 | 24 | 0.0% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 24 homes were sold or pending in Marion County in May 2024, the same as the previous month. Of the 24 sold homes, 58% were sold under asking, 25% were sold at asking, and 17% were sold over asking.
Days on Market for Marion County, IL
How long does it take to sell a home in Marion County, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
43 Days | 34 Days | -21.1% |
Summary: Homes in Marion County had an average of 34 days on market in May 2024, down by 21.1% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During May 2024, 24 homes were sold in Marion County; 63% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.