Is Marion Township, IN 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, IN
How much do homes in Marion Township, IN cost?
Median Sold Price
$140,000
$84/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 $140,000 in April 2024, down 6.7% from last year, and the median price per square foot was $84.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $32K | N/A |
2 Bedrooms | $145K | $63K | -56.6% |
3 Bedrooms | $105.7K | $100K | -5.4% |
4 Bedrooms | $385K | $257.4K | -33.1% |
5+ Bedrooms | - | $299.9K | N/A |
Summary: Marion Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 56.6%, 3 bedroom homes decreased by 5.4%, 4 bedroom homes decreased by 33.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Washington Township | $184.5K | $198.5K | +7.6% |
Marion Township | $150K | $140K | -6.7% |
Housing Supply in Marion Township, IN
How many homes are available in Marion Township, IN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
56 | 92 | +64.3% |
Summary: The Marion Township real estate market had 92 homes for sale in April 2024, a 64.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 10 | 23 | +130.0% |
3 Bedrooms | 25 | 39 | +56.0% |
4 Bedrooms | 16 | 24 | +50.0% |
5+ Bedrooms | 5 | 6 | +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 130%, 3 bedroom homes increased by 56%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
9 | 16 | +77.8% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 16 homes were sold or pending in Marion Township in April 2024, up by 77.8% month-over-month. Of the 16 sold homes, 50% were sold under asking, 31% were sold at asking, and 19% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
16 Days | 8 Days | -50.0% |
Summary: Homes in Marion Township had an average of 8 days on market in Apr 2024, down by 50% compared to last year.
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
Summary: During April 2024, 16 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.