Is Marion, 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 has remained a Seller's Market.
Key Takeaway
Marion is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Marion, OH
How much do homes in Marion, OH cost?
Median Sold Price
$155,816
$114/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Marion have sold for 19.9% more than they did a year ago.
Summary: The median home sold price in Marion was $155,816 in March 2024, up 19.9% from last year, and the median price per square foot was $114.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $27.5K | $57K | +107.3% |
| 2 Bedrooms | $91K | $117K | +28.6% |
| 3 Bedrooms | $130K | $149.9K | +15.3% |
| 4 Bedrooms | $177.5K | $221K | +24.5% |
| 5+ Bedrooms | $214.9K | $325.9K | +51.6% |
Summary: Marion 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 28.6%, 3 bedroom homes increased by 15.3%, 4 bedroom homes increased by 24.5%, and 5+ bedroom homes increased by 51.6%.
Median Sold Price Compared To Nearby Cities
| Marion | $130K | $155.8K | +19.9% |
| Marion Township | $135K | $155.5K | +15.2% |
Housing Supply in Marion, OH
How many homes are available in Marion, OH?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 230 | 223 | -3.0% |
Summary: The Marion real estate market had 223 homes for sale in March 2024, a 3.0% 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 | 36 | 38 | +5.6% |
| 3 Bedrooms | 134 | 125 | -6.7% |
| 4 Bedrooms | 48 | 49 | +2.1% |
| 5+ Bedrooms | 8 | 9 | +12.5% |
Summary: The Marion 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 increased by 5.6%, 3 bedroom homes decreased by 6.7%, 4 bedroom homes increased by 2.1%, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 47 | 48 | +2.1% |
Asking Price vs. Sold Price
27 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Marion, you may be able to get a good deal. 56.3% of homes here sold below asking price last month.
Summary: A total of 48 homes were sold or pending in Marion in March 2024, up by 2.1% 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, OH
How long does it take to sell a home in Marion, OH?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 46 Days | 30 Days | -34.6% |
Summary: Homes in Marion had an average of 30 days on market in Mar 2024, down by 34.6% 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
Key Takeaway
Many homes in Marion are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 48 homes were sold in Marion; 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.
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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.