Is Marion County, OH 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 County has remained a Seller's Market.
Key Takeaway
Marion County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Marion County, OH
How much do homes in Marion County, OH cost?
Median Sold Price
$161,250
$116/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Marion County have sold for 3% more than they did a year ago.
Summary: The median home sold price in Marion County was $161,250 in March 2024, up 3% from last year, and the median price per square foot was $116.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $27.5K | $57K | +107.3% |
| 2 Bedrooms | $109K | $118.5K | +8.7% |
| 3 Bedrooms | $154.9K | $153K | -1.3% |
| 4 Bedrooms | $234.9K | $241K | +2.6% |
| 5+ Bedrooms | $225K | $294.9K | +31.1% |
Summary: Marion County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 107.3%, 2 bedroom homes increased by 8.7%, 3 bedroom homes decreased by 1.3%, 4 bedroom homes increased by 2.6%, and 5+ bedroom homes increased by 31.1%.
Median Sold Price Compared To Nearby Counties
| Crawford County | $146.5K | $170K | +16.0% |
| Morrow County | $252.7K | $290K | +14.7% |
| Union County | $315.2K | $326.3K | +3.5% |
| Marion County | $156.5K | $161.2K | +3.0% |
| Wyandot County | $159K | $159K | 0.0% |
Housing Supply in Marion County, OH
How many homes are available in Marion County, OH?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 261 | 252 | -3.4% |
Summary: The Marion County real estate market had 252 homes for sale in March 2024, a 3.4% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 2 | -50.0% |
| 2 Bedrooms | 40 | 40 | 0.0% |
| 3 Bedrooms | 156 | 148 | -5.1% |
| 4 Bedrooms | 53 | 53 | 0.0% |
| 5+ Bedrooms | 8 | 9 | +12.5% |
Summary: The Marion County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 5.1%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 55 | 56 | +1.8% |
Asking Price vs. Sold Price
31 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Marion County, you may be able to get a good deal. 55.4% of homes here sold below asking price last month.
Summary: A total of 56 homes were sold or pending in Marion County in March 2024, up by 1.8% month-over-month. Of the 56 sold homes, 55% were sold under asking, 23% were sold at asking, and 21% were sold over asking.
Days on Market for Marion County, OH
How long does it take to sell a home in Marion County, OH?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 43 Days | 31 Days | -28.7% |
Summary: Homes in Marion County had an average of 31 days on market in Mar 2024, down by 28.7% compared to last year.
Breakdown of Home Sale Times
37 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Marion County are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 56 homes were sold in Marion County; 66% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
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This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Real estate listings held by other brokerage firms are marked with the BR logo and detailed information about them includes the name of the listing brokers. Copyright ©2024 by the Multiple Listing Service of Greater Cincinnati, Inc. All rights reserved. For the most current information, contact your Broker.
Copyright 2024 NORIS. All rights reserved. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of the NORIS MLS. Real estate listings held by brokerage firms other than this brokerage are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. This broker participates in Northwest Ohio Real Estate Information Systems, Inc. Broker Reciprocity program, allowing us to display other broker’s listings on our site.