Is Marion, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Marion was a Neutral Market.
Housing Prices in Marion, NY
How much do homes in Marion, NY cost?
Median Sold Price
$245,000
$140/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Marion was $245,000 in May 2024, up 10.8% from last year, and the median price per square foot was $140.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $80K | - | N/A |
2 Bedrooms | $122K | $225K | +84.4% |
3 Bedrooms | $200K | $239.9K | +20.0% |
4 Bedrooms | $250K | $250K | 0.0% |
5+ Bedrooms | $235K | $257.5K | +9.6% |
Summary: Marion 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 84.4%, 3 bedroom homes increased by 20%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 9.6%.
Median Sold Price Compared To Nearby Cities
Williamson | $189.5K | $221.2K | +16.8% |
Arcadia | $151K | $170K | +12.6% |
Marion | $221.2K | $245K | +10.8% |
Housing Supply in Marion, NY
How many homes are available in Marion, NY?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
15 | 12 | -20.0% |
Summary: The Marion real estate market had 12 homes for sale in May 2024, a 20.0% 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 | 2 | 1 | -50.0% |
3 Bedrooms | 7 | 4 | -42.9% |
4 Bedrooms | 2 | 3 | +50.0% |
5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Marion 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 50%, 3 bedroom homes decreased by 42.9%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
6 | 1 | -83.3% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 1 homes were sold or pending in Marion in May 2024, down by 83.3% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Marion, NY
How long does it take to sell a home in Marion, NY?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
21 Days | 23 Days | +9.5% |
Summary: Homes in Marion had an average of 23 days on market in May 2024, up by 9.5% 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 May 2024, 1 homes were sold in Marion; 100% 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.