Is Marion, IN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Marion has remained a Seller's Market.
Housing Prices in Marion, IN
How much do homes in Marion, IN cost?
Median Sold Price
$129,900
$77/sqft
Based on all homes sold in February 2024.
Difference Since Last Month
Summary: The median home sold price in Marion was $129,900 in February 2024, up 4.3% from last month, and the median price per square foot was $77.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $32K | $15K | -53.1% |
2 Bedrooms | $87.9K | $137.4K | +56.3% |
3 Bedrooms | $126.7K | $110.7K | -12.7% |
4 Bedrooms | $205K | $237.9K | +16.0% |
5+ Bedrooms | $395K | - | N/A |
Summary: Marion housing prices by bedroom type for February 2024 compared to the previous month: The home price of 1 bedroom homes decreased by 53.1%, 2 bedroom homes increased by 56.3%, 3 bedroom homes decreased by 12.7%, 4 bedroom homes increased by 16%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Franklin Township | $220K | $283K | +28.6% |
Center Township | $91.9K | $103.5K | +12.6% |
Marion | $124.5K | $129.9K | +4.3% |
Washington Township | $170K | $174.9K | +2.9% |
Mill Township | $163K | $110K | -32.5% |
Housing Supply in Marion, IN
How many homes are available in Marion, IN?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
135 | 147 | +8.9% |
Summary: The Marion real estate market had 147 homes for sale in February 2024, a 8.9% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 2 | -33.3% |
2 Bedrooms | 30 | 28 | -6.7% |
3 Bedrooms | 69 | 74 | +7.2% |
4 Bedrooms | 29 | 39 | +34.5% |
5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Marion housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 6.7%, 3 bedroom homes increased by 7.2%, 4 bedroom homes increased by 34.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
30 | 39 | +30.0% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 39 homes were sold or pending in Marion in February 2024, up by 30.0% month-over-month. Of the 37 sold homes, 49% were sold under asking, 24% were sold at asking, and 27% were sold over asking.
Days on Market for Marion, IN
How long does it take to sell a home in Marion, IN?
Average Sale Time
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
79 Days | 14 Days | -82.0% |
Summary: Homes in Marion had an average of 14 days on market in Feb 2024, down by 82% compared to last month.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During February 2024, 39 homes were sold in Marion; 10% of homes were sold within 30 days, 3% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.