Is Marion Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Marion Township has remained a Seller's Market.
Housing Prices in Marion Township, IL
How much do homes in Marion Township, IL cost?
Median Sold Price
$179,745
$107/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Marion Township was $179,745 in April 2024, down 0.1% from last year, and the median price per square foot was $107.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $24K | $103.5K | +331.3% |
2 Bedrooms | $80K | $87.5K | +9.4% |
3 Bedrooms | $177.5K | $180K | +1.4% |
4 Bedrooms | $339.9K | $264.7K | -22.1% |
5+ Bedrooms | $537.4K | $400K | -25.6% |
Summary: Marion Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 331.3%, 2 bedroom homes increased by 9.4%, 3 bedroom homes increased by 1.4%, 4 bedroom homes decreased by 22.1%, and 5+ bedroom homes decreased by 25.6%.
Housing Supply in Marion Township, IL
How many homes are available in Marion Township, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
117 | 119 | +1.7% |
Summary: The Marion Township real estate market had 119 homes for sale in April 2024, a 1.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 17 | 19 | +11.8% |
3 Bedrooms | 63 | 71 | +12.7% |
4 Bedrooms | 29 | 23 | -20.7% |
5+ Bedrooms | 7 | 6 | -14.3% |
Summary: The Marion Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 11.8%, 3 bedroom homes increased by 12.7%, 4 bedroom homes decreased by 20.7%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
24 | 26 | +8.3% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 26 homes were sold or pending in Marion Township in April 2024, up by 8.3% month-over-month. Of the 26 sold homes, 65% were sold under asking, 12% were sold at asking, and 23% were sold over asking.
Days on Market for Marion Township, IL
How long does it take to sell a home in Marion Township, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
37 Days | 32 Days | -13.9% |
Summary: Homes in Marion Township had an average of 32 days on market in Apr 2024, down by 13.9% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 26 homes were sold in Marion Township; 65% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.