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
$100,000
$80/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 $100,000 in March 2024, down 44.4% from last year, and the median price per square foot was $80.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $32K | N/A |
2 Bedrooms | $180K | $100K | -44.4% |
3 Bedrooms | $148.7K | $88K | -40.8% |
4 Bedrooms | $273.5K | $271.4K | -0.7% |
5+ Bedrooms | - | $605K | N/A |
Summary: Marion Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 44.4%, 3 bedroom homes decreased by 40.8%, 4 bedroom homes decreased by 0.7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Floyd Township | $284.9K | $289.9K | +1.8% |
Marion Township | $180K | $100K | -44.4% |
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 |
---|---|---|
57 | 67 | +17.5% |
Summary: The Marion Township real estate market had 67 homes for sale in March 2024, a 17.5% 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 | 7 | 8 | +14.3% |
3 Bedrooms | 25 | 29 | +16.0% |
4 Bedrooms | 22 | 24 | +9.1% |
5+ Bedrooms | 2 | 6 | +200.0% |
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 14.3%, 3 bedroom homes increased by 16%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
11 | 20 | +81.8% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 20 homes were sold or pending in Marion Township in March 2024, up by 81.8% month-over-month. Of the 20 sold homes, 55% were sold under asking, 10% were sold at asking, and 35% 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 |
---|---|---|
15 Days | 47 Days | +213.3% |
Summary: Homes in Marion Township had an average of 47 days on market in Mar 2024, up by 213.3% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 20 homes were sold in Marion Township; 25% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.