Is Marion Township, 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 Township has remained a Seller's Market.
Housing Prices in Marion Township, OH
How much do homes in Marion Township, OH cost?
Median Sold Price
$162,000
$117/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 $162,000 in March 2024, up 1.6% from last year, and the median price per square foot was $117.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $42.9K | $68K | +58.5% |
2 Bedrooms | $113K | $119.2K | +5.5% |
3 Bedrooms | $155K | $154.6K | -0.2% |
4 Bedrooms | $215K | $222.7K | +3.6% |
5+ Bedrooms | $360.4K | $334.2K | -7.3% |
Summary: Marion Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 58.5%, 2 bedroom homes increased by 5.5%, 3 bedroom homes decreased by 0.2%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes decreased by 7.3%.
Median Sold Price Compared To Nearby Cities
Marion Township | $159.5K | $162K | +1.6% |
Falls Township | $181.2K | $178K | -1.8% |
Rush Creek Township | $286.5K | $280K | -2.3% |
Housing Supply in Marion Township, OH
How many homes are available in Marion Township, OH?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
244 | 236 | -3.3% |
Summary: The Marion Township real estate market had 236 homes for sale in March 2024, a 3.3% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 8 | 5 | -37.5% |
2 Bedrooms | 37 | 39 | +5.4% |
3 Bedrooms | 138 | 129 | -6.5% |
4 Bedrooms | 51 | 52 | +2.0% |
5+ Bedrooms | 10 | 11 | +10.0% |
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 37.5%, 2 bedroom homes increased by 5.4%, 3 bedroom homes decreased by 6.5%, 4 bedroom homes increased by 2%, and 5+ bedroom homes increased by 10%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
51 | 48 | -5.9% |
Asking Price vs. Sold Price
27 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 48 homes were sold or pending in Marion Township in March 2024, down by 5.9% month-over-month. Of the 48 sold homes, 56% were sold under asking, 23% were sold at asking, and 21% were sold over asking.
Days on Market for Marion Township, OH
How long does it take to sell a home in Marion Township, OH?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
43 Days | 30 Days | -30.2% |
Summary: Homes in Marion Township had an average of 30 days on market in Mar 2024, down by 30.2% compared to last year.
Breakdown of Home Sale Times
32 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During March 2024, 48 homes were sold in Marion Township; 67% 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.