Is Marion, SC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Marion is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Marion has remained a Seller's Market.

Key Takeaway

Marion is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

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

-$59,500(-36.1%)

Key Takeaway

Homes in Marion have sold for 36.1% less than they did a year ago.

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

# BEDSMay 2023May 2024CHANGE
1 $120K-
N/A
2 $114.5K$30K
-73.8%
3 $178.4K$123.7K
-30.7%
4 $150.4K$54.6K
-63.7%
5+ $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 2024May 2024CHANGE
2523-8.0%

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

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 11
0.0%
3 1816
-11.1%
4 45
+25.0%
5+ 21
-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 2024May 2024CHANGE
550.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Marion, you could pay more than the asking price. 60% of homes here sold above asking price last month.

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 2023May 2024CHANGE
105 Days131 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

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Marion has remained consistent over time.

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

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