Is Marion Township, 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 Township has remained a Seller's Market.
Housing Prices in Marion Township, IL
How much do homes in Marion Township, IL cost?
Median Sold Price
$184,000
$108/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Marion Township was $184,000 in May 2024, up 5.1% from last year, and the median price per square foot was $108.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $24K | $103.5K | +331.3% |
2 Bedrooms | $78.4K | $92.4K | +17.8% |
3 Bedrooms | $175K | $183K | +4.6% |
4 Bedrooms | $339.9K | $278K | -18.2% |
5+ Bedrooms | $412.4K | $425K | +3.0% |
Summary: Marion Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 331.3%, 2 bedroom homes increased by 17.8%, 3 bedroom homes increased by 4.6%, 4 bedroom homes decreased by 18.2%, and 5+ bedroom homes increased by 3%.
Median Sold Price Compared To Nearby Cities
Stillman Valley | $186.5K | $247.5K | +32.7% |
Scott Township | $210K | $260K | +23.8% |
Byron | $225K | $255.4K | +13.5% |
Byron Township | $243K | $256K | +5.3% |
Marion Township | $175K | $184K | +5.1% |
Housing Supply in Marion Township, IL
How many homes are available in Marion Township, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
118 | 127 | +7.6% |
Summary: The Marion Township real estate market had 127 homes for sale in May 2024, a 7.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 18 | 17 | -5.6% |
3 Bedrooms | 71 | 77 | +8.5% |
4 Bedrooms | 23 | 28 | +21.7% |
5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The Marion Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 5.6%, 3 bedroom homes increased by 8.5%, 4 bedroom homes increased by 21.7%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
26 | 34 | +30.8% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Summary: A total of 34 homes were sold or pending in Marion Township in May 2024, up by 30.8% month-over-month. Of the 34 sold homes, 47% were sold under asking, 18% were sold at asking, and 35% were sold over asking.
Days on Market for Marion Township, IL
How long does it take to sell a home in Marion Township, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
16 Days | 31 Days | +92.0% |
Summary: Homes in Marion Township had an average of 31 days on market in May 2024, up by 92% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During May 2024, 34 homes were sold in Marion Township; 65% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.