Is Marion Township, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 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
$154,580
$113/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Marion Township was $154,580 in February 2024, up 9.9% from last year, and the median price per square foot was $113.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $30K | $57K | +90.0% |
2 Bedrooms | $91K | $117K | +28.6% |
3 Bedrooms | $152K | $147.7K | -2.8% |
4 Bedrooms | $186K | $193.5K | +4.0% |
5+ Bedrooms | $360.4K | $334.2K | -7.3% |
Summary: Marion Township housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 90%, 2 bedroom homes increased by 28.6%, 3 bedroom homes decreased by 2.8%, 4 bedroom homes increased by 4%, and 5+ bedroom homes decreased by 7.3%.
Housing Supply in Marion Township, OH
How many homes are available in Marion Township, OH?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
220 | 223 | +1.4% |
Summary: The Marion Township real estate market had 223 homes for sale in February 2024, a 1.4% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 4 | -33.3% |
2 Bedrooms | 33 | 33 | 0.0% |
3 Bedrooms | 141 | 133 | -5.7% |
4 Bedrooms | 33 | 45 | +36.4% |
5+ Bedrooms | 7 | 8 | +14.3% |
Summary: The Marion Township housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 5.7%, 4 bedroom homes increased by 36.4%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
41 | 46 | +12.2% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
16 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 46 homes were sold or pending in Marion Township in February 2024, up by 12.2% month-over-month. Of the 46 sold homes, 43% were sold under asking, 35% were sold at asking, and 22% 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
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
26 Days | 35 Days | +36.0% |
Summary: Homes in Marion Township had an average of 35 days on market in Feb 2024, up by 36% compared to last year.
Breakdown of Home Sale Times
28 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During February 2024, 46 homes were sold in Marion Township; 61% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.