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
$169,900
$94/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 $169,900 in April 2024, down 36% from last year, and the median price per square foot was $94.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $32K | N/A |
2 Bedrooms | $350K | $77.4K | -77.9% |
3 Bedrooms | $169K | $136.5K | -19.2% |
4 Bedrooms | $347.5K | $269.9K | -22.3% |
5+ Bedrooms | $400K | $357.5K | -10.6% |
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 77.9%, 3 bedroom homes decreased by 19.2%, 4 bedroom homes decreased by 22.3%, and 5+ bedroom homes decreased by 10.6%.
Median Sold Price Compared To Nearby Cities
Brandywine Township | $159K | $225K | +41.5% |
Shelbyville | $189.5K | $207.7K | +9.6% |
Addison Township | $188K | $188.9K | 0.5% |
Marion Township | $265.5K | $169.9K | -36.0% |
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 |
---|---|---|
62 | 95 | +53.2% |
Summary: The Marion Township real estate market had 95 homes for sale in April 2024, a 53.2% 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 | 12 | 25 | +108.3% |
3 Bedrooms | 28 | 40 | +42.9% |
4 Bedrooms | 16 | 24 | +50.0% |
5+ Bedrooms | 6 | 6 | 0.0% |
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 108.3%, 3 bedroom homes increased by 42.9%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
10 | 18 | +80.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 18 homes were sold or pending in Marion Township in April 2024, up by 80.0% month-over-month. Of the 18 sold homes, 50% were sold under asking, 28% were sold at asking, and 22% 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 |
---|---|---|
13 Days | 47 Days | +264.1% |
Summary: Homes in Marion Township had an average of 47 days on market in Apr 2024, up by 264.1% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 18 homes were sold in Marion Township; 11% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.