Is Marion Township, OH 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 February 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, 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

+$13,880(+9.9%)

Key Takeaway

Homes in Marion Township have sold for 9.9% more than they did a year ago.

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

# BEDSFeb 2023Feb 2024CHANGE
1 $30K$57K
+90.0%
2 $91K$117K
+28.6%
3 $152K$147.7K
-2.8%
4 $186K$193.5K
+4.0%
5+ $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 2024Feb 2024CHANGE
220223+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

# BEDSJan 2024Feb 2024CHANGE
1 64
-33.3%
2 3333
0.0%
3 141133
-5.7%
4 3345
+36.4%
5+ 78
+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 2024Feb 2024CHANGE
4146+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Marion Township, you may be able to get a good deal. 43.5% of homes here sold below asking price last month.

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 2023Feb 2024CHANGE
26 Days35 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Marion Township are selling fast, if you're buying plan to act quickly.

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 27 Days Ago

Newest Listings in Marion Township, OH

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