Is Marion, SC 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 has remained a Seller's Market.
Housing Prices in Marion, SC
How much do homes in Marion, SC cost?
Median Sold Price
$105,500
$69/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Marion was $105,500 in May 2024, down 36.1% from last year, and the median price per square foot was $69.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $120K | - | N/A |
2 Bedrooms | $114.5K | $30K | -73.8% |
3 Bedrooms | $178.4K | $123.7K | -30.7% |
4 Bedrooms | $150.4K | $54.6K | -63.7% |
5+ Bedrooms | $139K | $292.9K | +110.7% |
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 decreased by 73.8%, 3 bedroom homes decreased by 30.7%, 4 bedroom homes decreased by 63.7%, and 5+ bedroom homes increased by 110.7%.
Housing Supply in Marion, SC
How many homes are available in Marion, SC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
25 | 23 | -8.0% |
Summary: The Marion real estate market had 23 homes for sale in May 2024, a 8.0% 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 | 1 | 1 | 0.0% |
3 Bedrooms | 18 | 16 | -11.1% |
4 Bedrooms | 4 | 5 | +25.0% |
5+ Bedrooms | 2 | 1 | -50.0% |
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 remained the same, 3 bedroom homes decreased by 11.1%, 4 bedroom homes increased by 25%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
5 | 5 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Marion in May 2024, the same as the previous month. Of the 5 sold homes, 40% were sold under asking, 0% were sold at asking, and 60% were sold over asking.
Days on Market for Marion, SC
How long does it take to sell a home in Marion, SC?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
105 Days | 131 Days | +25.3% |
Summary: Homes in Marion had an average of 131 days on market in May 2024, up by 25.3% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 5 homes were sold in Marion; 0% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.