Is Marion, MA 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 has remained a Seller's Market.
Key Takeaway
Marion is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Marion, MA
How much do homes in Marion, MA cost?
Median Sold Price
$860,000
$373/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Marion have sold for 21.1% more than they did a year ago.
Summary: The median home sold price in Marion was $860,000 in March 2024, up 21.1% from last year, and the median price per square foot was $373.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $403.2K | $422.5K | +4.8% |
| 3 Bedrooms | $612.5K | $782.4K | +27.7% |
| 4 Bedrooms | $950K | $1.0M | +6.6% |
| 5+ Bedrooms | $780K | $943.7K | +21.0% |
Summary: Marion 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 increased by 4.8%, 3 bedroom homes increased by 27.7%, 4 bedroom homes increased by 6.6%, and 5+ bedroom homes increased by 21%.
Median Sold Price Compared To Nearby Cities
| Marion | $710K | $860K | +21.1% |
| Rochester | $550K | $629.9K | +14.5% |
| West Wareham | $419K | $457.5K | +9.2% |
| Wareham | $410K | $420K | +2.4% |
| Mattapoisett | $700K | $699.9K | 0% |
Housing Supply in Marion, MA
How many homes are available in Marion, MA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 11 | 16 | +45.5% |
Summary: The Marion real estate market had 16 homes for sale in March 2024, a 45.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 2 | -33.3% |
| 3 Bedrooms | 5 | 4 | -20.0% |
| 4 Bedrooms | 2 | 7 | +250.0% |
| 5+ Bedrooms | 1 | 3 | +200.0% |
Summary: The Marion housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes decreased by 20%, 4 bedroom homes increased by 250%, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 1 | 3 | +200.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Marion, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Marion in March 2024, up by 200.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Marion, MA
How long does it take to sell a home in Marion, MA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 77 Days | 92 Days | +18.7% |
Summary: Homes in Marion had an average of 92 days on market in Mar 2024, up by 18.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Marion are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2024, 3 homes were sold in Marion; 33% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 67% of homes were sold over 90 days.
