Is East Marion, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing East Marion is a seller's market

Buyer's
Market

Difference Since September 2021

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.

How much do homes in East Marion, IL cost?

Median Sold Price

$168,900

$101/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2021

+$900(+0.5%)

Key Takeaway

Homes in East Marion have sold for 0.5% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSSep 2021Sep 2022%
1 $25.5K$23.5K
-7.8%
2 $79K$82.4K
+4.4%
3 $161K$167.2K
+3.8%
4 $229K$267.5K
+16.8%
5+ $320K$389K
+21.6%

Median Sold Price Compared To Nearby Cities

West Marion
+13.9%
Marion
+12.9%
East Marion
0.5%

How many homes are available in East Marion, IL?

Number of Homes For Sale

Aug 2022Sep 2022%
7357-21.9%

Homes For Sale By Bedroom Count

# BEDSAug 2022Sep 2022%
1 11
0.0%
2 1310
-23.1%
3 4134
-17.1%
4 149
-35.7%
5+ 43
-25.0%

Number of Homes Sold

Aug 2022Sep 2022%
2322-4.3%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in East Marion, you may be able to get a good deal. 54.5% of homes here sold below asking price last month.

Average Sale Time

Sep 2021Sep 2022%
29 Days34 Days+18.6%

Breakdown of Home Sale Times

14 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

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

About East Marion, IL

Homes for sale in East Marion, IL have reached 57. In September 2022 in East Marion, IL there were 21.9% less homes for sale than in August 2022. The median list price of listings available in September 2022 was $168,900, while the average time on the real estate market was 34 days. This housing market listing prices have changed between August 2022 and September 2022: prices of 1 bedroom properties went down by 7.8%, prices of 2 bedrooms properties increased by 4.4%, 3 bedrooms properties became 3.8% more expensive, the cost of 4 bedrooms properties went up by 16.8%, 5 bedrooms properties prices increased by 21.6%. Housing inventory have changed in this real estate market: 1 bedroom homes inventory did not change, the quantity of 2 bedrooms homes went down by 23.1%, number of 3 bedrooms homes decreased by 17.1%, 4 bedrooms homes became 35.7% less available, 5 bedrooms homes inventory decreased by 25%. East Marion, IL housing market in September 2022 saw over 4 listings sold above listed price, more than 6 sold at listed price and over 12 sold below.

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