Is Marion Township, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Marion Township is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Marion Township was a Neutral Market.

Key Takeaway

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

Housing Prices in Marion Township, IN

How much do homes in Marion Township, IN cost?

Median Sold Price

$234,900

$101/sqft

Based on all homes sold in April 2024.

Difference Since Last Month

+$158,891(+209.0%)

Key Takeaway

Homes in Marion Township have sold for 209% more than they did a month ago.

Summary: The median home sold price in Marion Township was $234,900 in April 2024, up 209% from last month, and the median price per square foot was $101.

Median Sold Price By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 --
N/A
2 -$40K
N/A
3 $75K$140K
+86.7%
4 $309.7K$244.9K
-20.9%
5+ -$254.5K
N/A

Summary: Marion Township housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 86.7%, 4 bedroom homes decreased by 20.9%, and 5+ bedroom homes did not change.

Housing Supply in Marion Township, IN

How many homes are available in Marion Township, IN?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
5689+58.9%

Summary: The Marion Township real estate market had 89 homes for sale in April 2024, a 58.9% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 1124
+118.2%
3 2436
+50.0%
4 1623
+43.8%
5+ 56
+20.0%

Summary: The Marion Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 118.2%, 3 bedroom homes increased by 50%, 4 bedroom homes increased by 43.8%, and 5+ bedroom homes increased by 20%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
917+88.9%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Marion Township, you may be able to get a good deal. 47.1% of homes here sold below asking price last month.

Summary: A total of 17 homes were sold or pending in Marion Township in April 2024, up by 88.9% month-over-month. Of the 17 sold homes, 47% were sold under asking, 35% were sold at asking, and 18% 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 2024Apr 2024CHANGE
48 Days8 Days-83.4%

Summary: Homes in Marion Township had an average of 8 days on market in Apr 2024, down by 83.4% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 17 homes were sold in Marion Township; 6% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

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

Report Updated 3 Days Ago

Newest Listings in Marion Township, IN

Nearby Markets to Marion Township, IN

What housing markets are near Marion Township, IN?