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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing West Marion is a seller's market

Buyer's
Market

Difference Since September 2021

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

Key Takeaway

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

How much do homes in West Marion, IL cost?

Median Sold Price

$159,450

$92/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2021

+$19,450(+13.9%)

Key Takeaway

Homes in West Marion have sold for 13.9% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSSep 2021Sep 2022%
1 $23K$85K
+269.6%
2 $67.9K$76K
+11.8%
3 $135K$153.7K
+13.9%
4 $200K$250K
+25.0%
5+ $316K$625K
+97.8%

Median Sold Price Compared To Nearby Cities

Energy
+17.5%
West Marion
+13.9%
Crainville
+11.1%
Herrin
+5.7%

How many homes are available in West Marion, IL?

Number of Homes For Sale

Aug 2022Sep 2022%
5057+14.0%

Homes For Sale By Bedroom Count

# BEDSAug 2022Sep 2022%
1 11
0.0%
2 69
+50.0%
3 2733
+22.2%
4 1311
-15.4%
5+ 33
0.0%

Number of Homes Sold

Aug 2022Sep 2022%
714+100.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in West Marion, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Average Sale Time

Sep 2021Sep 2022%
17 Days23 Days+32.5%

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in West 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 West Marion, IL

Number of homes for sale in West Marion, IL real estate market have reached 57. Between August 2022 and September 2022, West Marion, IL real estate market has seen increase in the number of listings by 14%. While the average time on the market in September 2022 was 23 days, the median list price was $159,450. Between August 2022 and September 2022, listing prices of homes in this real estate market have seen the following changes: prices of 1 bedroom properties increased by 269.6%, prices of 2 bedrooms properties increased by 11.8%, 3 bedrooms properties prices increased by 13.9%, 4 bedrooms properties prices increased by 25%, prices of 5 bedrooms properties went up by 97.8%. This housing market inventory have changed: the quantity of 1 bedroom homes have not changed, volume of 2 bedrooms homes went up by 50%, number of 3 bedrooms homes increased by 22.2%, the quantity of 4 bedrooms homes went down by 15.4%, volume of 5 bedrooms homes stayed the same. While more than 2 listings in West Marion, IL in September 2022 were sold above asking price, there were more than 7 listings sold at asking price, and more than 5 were sold below.

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