Is Marion Township, IN 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, Marion Township has remained a Seller's Market.
Housing Prices in Marion Township, IN
How much do homes in Marion Township, IN cost?
Median Sold Price
$92,700
$78/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Marion Township was $92,700 in March 2024, down 32.6% from last year, and the median price per square foot was $78.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $250K | $49K | -80.4% |
2 Bedrooms | $82.4K | $73.7K | -10.6% |
3 Bedrooms | $110K | $82.5K | -25.0% |
4 Bedrooms | $271K | $250K | -7.7% |
5+ Bedrooms | $238K | $465K | +95.4% |
Summary: Marion Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 80.4%, 2 bedroom homes decreased by 10.6%, 3 bedroom homes decreased by 25%, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes increased by 95.4%.
Housing Supply in Marion Township, IN
How many homes are available in Marion Township, IN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
61 | 78 | +27.9% |
Summary: The Marion Township real estate market had 78 homes for sale in March 2024, a 27.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 8 | 11 | +37.5% |
3 Bedrooms | 29 | 34 | +17.2% |
4 Bedrooms | 21 | 26 | +23.8% |
5+ Bedrooms | 2 | 7 | +250.0% |
Summary: The Marion Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 37.5%, 3 bedroom homes increased by 17.2%, 4 bedroom homes increased by 23.8%, and 5+ bedroom homes increased by 250%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
8 | 24 | +200.0% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 24 homes were sold or pending in Marion Township in March 2024, up by 200.0% month-over-month. Of the 24 sold homes, 54% were sold under asking, 17% were sold at asking, and 29% were sold over asking.
Days on Market for Marion Township, IN
How long does it take to sell a home in Marion Township, IN?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
43 Days | 45 Days | +3.1% |
Summary: Homes in Marion Township had an average of 45 days on market in Mar 2024, up by 3.1% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 24 homes were sold in Marion Township; 25% of homes were sold within 30 days, 4% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.