Is East Marion, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, East Marion has remained a Seller's Market.
Key Takeaway
East Marion is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in East Marion, IL
How much do homes in East Marion, IL cost?
Median Sold Price
$180,000
$106/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in East Marion have sold for 2.1% less than they did a year ago.
Summary: The median home sold price in East Marion was $180,000 in March 2024, down 2.1% from last year, and the median price per square foot was $106.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $24K | $55K | +129.2% |
| 2 Bedrooms | $74.5K | $83.7K | +12.4% |
| 3 Bedrooms | $185K | $177K | -4.3% |
| 4 Bedrooms | $279K | $249.9K | -10.4% |
| 5+ Bedrooms | $393.5K | $399.9K | +1.6% |
Summary: East Marion housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 129.2%, 2 bedroom homes increased by 12.4%, 3 bedroom homes decreased by 4.3%, 4 bedroom homes decreased by 10.4%, and 5+ bedroom homes increased by 1.6%.
Median Sold Price Compared To Nearby Cities
| Marion | $155K | $174.9K | +12.9% |
| West Marion | $160K | $169.1K | +5.7% |
| East Marion | $183.9K | $180K | -2.1% |
Housing Supply in East Marion, IL
How many homes are available in East Marion, IL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 42 | 44 | +4.8% |
Summary: The East Marion real estate market had 44 homes for sale in March 2024, a 4.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 7 | 6 | -14.3% |
| 3 Bedrooms | 24 | 25 | +4.2% |
| 4 Bedrooms | 8 | 10 | +25.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The East Marion housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 14.3%, 3 bedroom homes increased by 4.2%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 8 | 8 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in East Marion, you could pay more than the asking price. 62.5% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in East Marion in March 2024, the same as the previous month. Of the 8 sold homes, 25% were sold under asking, 13% were sold at asking, and 63% were sold over asking.
Days on Market for East Marion, IL
How long does it take to sell a home in East Marion, IL?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 73 Days | 20 Days | -71.4% |
Summary: Homes in East Marion had an average of 20 days on market in Mar 2024, down by 71.4% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in East Marion are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 8 homes were sold in East Marion; 88% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.
Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.