Is Marion Township, IN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Marion Township has remained a Seller's Market.
Housing Prices in Marion Township, IN
How much do homes in Marion Township, IN cost?
Median Sold Price
$131,700
$84/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Marion Township was $131,700 in April 2024, up 13.1% from last year, and the median price per square foot was $84.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $32K | N/A |
2 Bedrooms | $129.9K | $63K | -51.5% |
3 Bedrooms | $93.5K | $88K | -5.9% |
4 Bedrooms | $309.5K | $244.9K | -20.9% |
5+ Bedrooms | - | $255K | N/A |
Summary: Marion Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 51.5%, 3 bedroom homes decreased by 5.9%, 4 bedroom homes decreased by 20.9%, and 5+ bedroom homes did not change.
Housing Supply in Marion Township, IN
How many homes are available in Marion Township, IN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
55 | 88 | +60.0% |
Summary: The Marion Township real estate market had 88 homes for sale in April 2024, a 60.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 10 | 23 | +130.0% |
3 Bedrooms | 24 | 36 | +50.0% |
4 Bedrooms | 16 | 23 | +43.8% |
5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The Marion Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 130%, 3 bedroom homes increased by 50%, 4 bedroom homes increased by 43.8%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
9 | 16 | +77.8% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 16 homes were sold or pending in Marion Township in April 2024, up by 77.8% month-over-month. Of the 16 sold homes, 50% were sold under asking, 31% were sold at asking, and 19% were sold over asking.
Days on Market for Marion Township, IN
How long does it take to sell a home in Marion Township, IN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
16 Days | 8 Days | -50.0% |
Summary: Homes in Marion Township had an average of 8 days on market in Apr 2024, down by 50% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 16 homes were sold in Marion Township; 6% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.