Is Marion Township, MO 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 March 2023

Since last year, Marion Township has remained a Seller's 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, MO

How much do homes in Marion Township, MO cost?

Median Sold Price

$182,400

$121/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

-$32,600(-15.2%)

Key Takeaway

Homes in Marion Township have sold for 15.2% less than they did a year ago.

Summary: The median home sold price in Marion Township was $182,400 in March 2024, down 15.2% from last year, and the median price per square foot was $121.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 --
N/A
2 $190.7K$145K
-24.0%
3 $210K$192.2K
-8.5%
4 $260K$207K
-20.4%
5+ $479.9K$137.5K
-71.3%

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 24%, 3 bedroom homes decreased by 8.5%, 4 bedroom homes decreased by 20.4%, and 5+ bedroom homes decreased by 71.3%.

Median Sold Price Compared To Nearby Cities

Jackson Township
+20.9%
Joplin Township
+5.7%
Marion Township
-15.2%
Diamond
-20.0%

Housing Supply in Marion Township, MO

How many homes are available in Marion Township, MO?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
2126+23.8%

Summary: The Marion Township real estate market had 26 homes for sale in March 2024, a 23.8% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 22
0.0%
3 1314
+7.7%
4 36
+100.0%
5+ 34
+33.3%

Summary: The Marion Township 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 remained the same, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
310+233.3%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

0 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. 70% of homes here sold below asking price last month.

Summary: A total of 10 homes were sold or pending in Marion Township in March 2024, up by 233.3% month-over-month. Of the 10 sold homes, 70% were sold under asking, 0% were sold at asking, and 30% were sold over asking.

Days on Market for Marion Township, MO

How long does it take to sell a home in Marion Township, MO?

Average Sale Time

Mar 2023Mar 2024CHANGE
136 Days146 Days+7.4%

Summary: Homes in Marion Township had an average of 146 days on market in Mar 2024, up by 7.4% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Marion Township are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During March 2024, 10 homes were sold in Marion Township; 0% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 60% 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 23 Days Ago

Newest Listings in Marion Township, MO

Nearby Markets to Marion Township, MO

What housing markets are near Marion Township, MO?