Is Marion County, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Marion County is a seller's market

Buyer's
Market

Difference Since August 2023

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

Key Takeaway

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

Housing Prices in Marion County, IN

How much do homes in Marion County, IN cost?

Median Sold Price

$242,364

$137/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2023

+$9,674(+4.2%)

Key Takeaway

Homes in Marion County have sold for 4.2% more than they did a year ago.

Summary: The median home sold price in Marion County was $242,364 in August 2024, up 4.2% from last year, and the median price per square foot was $137.

Median Sold Price By Bedroom Count

# BEDSAug 2023Aug 2024CHANGE
1 $157.4K$170K
+8.0%
2 $174K$180.8K
+3.9%
3 $229K$235.5K
+2.9%
4 $301.2K$314.2K
+4.3%
5+ $410.1K$411.8K
0.4%

Summary: Marion County housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8%, 2 bedroom homes increased by 3.9%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes increased by 0.4%.

Median Sold Price Compared To Nearby Counties

Hendricks County
+6.1%
Marion County
+4.2%
Johnson County
+3.9%
Hancock County
+3.6%
Hamilton County
+2.9%

Housing Supply in Marion County, IN

How many homes are available in Marion County, IN?

Number of Homes For Sale

Jul 2024Aug 2024CHANGE
4,1404,268+3.1%

Summary: The Marion County real estate market had 4,268 homes for sale in August 2024, a 3.1% increase compared to July 2024.

Homes For Sale By Bedroom Count

# BEDSJul 2024Aug 2024CHANGE
1 6261
-1.6%
2 855880
+2.9%
3 2,0722,118
+2.2%
4 896956
+6.7%
5+ 255253
-0.8%

Summary: The Marion County housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 1.6%, 2 bedroom homes increased by 2.9%, 3 bedroom homes increased by 2.2%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes decreased by 0.8%.

Number of Homes Sold

Jul 2024Aug 2024CHANGE
1,130999-11.6%

Asking Price vs. Sold Price

500 Homes Were Sold
Under Asking

281 Homes Were Sold
At Asking

218 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Marion County, you may be able to get a good deal. 50.1% of homes here sold below asking price last month.

Summary: A total of 999 homes were sold or pending in Marion County in August 2024, down by 11.6% month-over-month. Of the 999 sold homes, 50% were sold under asking, 28% were sold at asking, and 22% were sold over asking.

Days on Market for Marion County, IN

How long does it take to sell a home in Marion County, IN?

Average Sale Time

Aug 2023Aug 2024CHANGE
21 Days28 Days+31.0%

Summary: Homes in Marion County had an average of 28 days on market in Aug 2024, up by 31% compared to last year.

Breakdown of Home Sale Times

713 Homes Were Sold
Under 30 Days

212 Homes Were Sold
In 30 - 90 Days

73 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Marion County are selling fast, if you're buying plan to act quickly.

Summary: During August 2024, 999 homes were sold in Marion County; 71% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 7% 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 19 Days Ago

Newest Listings in Marion County, IN

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