Is Marion Township, MO 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, MO
How much do homes in Marion Township, MO cost?
Median Sold Price
$169,000
$121/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 $169,000 in May 2024, up 11.6% from last year, and the median price per square foot was $121.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $54K | - | N/A |
2 Bedrooms | $105K | $126K | +20.0% |
3 Bedrooms | $157.5K | $178K | +13.0% |
4 Bedrooms | $215K | $245K | +14.0% |
5+ Bedrooms | $515K | $340K | -34.0% |
Summary: Marion Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 13%, 4 bedroom homes increased by 14%, and 5+ bedroom homes decreased by 34%.
Median Sold Price Compared To Nearby Cities
Carthage | $173.5K | $205.6K | +18.5% |
Marion Township | $151.5K | $169K | +11.6% |
Madison Township | $280K | $259.5K | -7.3% |
Housing Supply in Marion Township, MO
How many homes are available in Marion Township, MO?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
55 | 48 | -12.7% |
Summary: The Marion Township real estate market had 48 homes for sale in May 2024, a 12.7% decrease 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 | 11 | 14 | +27.3% |
3 Bedrooms | 31 | 23 | -25.8% |
4 Bedrooms | 5 | 4 | -20.0% |
5+ Bedrooms | 8 | 7 | -12.5% |
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 increased by 27.3%, 3 bedroom homes decreased by 25.8%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes decreased by 12.5%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
15 | 17 | +13.3% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 17 homes were sold or pending in Marion Township in May 2024, up by 13.3% month-over-month. Of the 16 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for Marion Township, MO
How long does it take to sell a home in Marion Township, MO?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
93 Days | 52 Days | -44.0% |
Summary: Homes in Marion Township had an average of 52 days on market in May 2024, down by 44% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 17 homes were sold in Marion Township; 29% of homes were sold within 30 days, 53% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.