Is Marion County, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Marion County was a Seller's Market.
Key Takeaway
Marion County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Marion County, OR
How much do homes in Marion County, OR cost?
Median Sold Price
$441,207
$273/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
The sold price of homes in Marion County has remained the same since last year.
Summary: The median home sold price in Marion County was $441,207 in March 2024, up 0.1% from last year, and the median price per square foot was $273.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $302.4K | $299.5K | -1.0% |
| 2 Bedrooms | $325.5K | $330K | +1.4% |
| 3 Bedrooms | $429.9K | $427K | -0.7% |
| 4 Bedrooms | $514.7K | $499.9K | -2.9% |
| 5+ Bedrooms | $550K | $592.5K | +7.7% |
Summary: Marion County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1%, 2 bedroom homes increased by 1.4%, 3 bedroom homes decreased by 0.7%, 4 bedroom homes decreased by 2.9%, and 5+ bedroom homes increased by 7.7%.
Median Sold Price Compared To Nearby Counties
| Yamhill County | $474.7K | $480.6K | +1.2% |
| Clackamas County | $608.4K | $610K | 0.2% |
| Marion County | $440.8K | $441.2K | 0.1% |
| Linn County | $396.9K | $390.5K | -1.6% |
| Polk County | $475.4K | $450.9K | -5.1% |
Housing Supply in Marion County, OR
How many homes are available in Marion County, OR?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 763 | 794 | +4.1% |
Summary: The Marion County real estate market had 794 homes for sale in March 2024, a 4.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 8 | +33.3% |
| 2 Bedrooms | 98 | 115 | +17.3% |
| 3 Bedrooms | 371 | 384 | +3.5% |
| 4 Bedrooms | 219 | 219 | 0.0% |
| 5+ Bedrooms | 69 | 68 | -1.4% |
Summary: The Marion County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 17.3%, 3 bedroom homes increased by 3.5%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 1.4%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 101 | 108 | +6.9% |
Asking Price vs. Sold Price
30 Homes Were Sold
Under Asking
44 Homes Were Sold
At Asking
34 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Marion County, expect to pay close to the asking price. 40.7% of homes here sold near the asking price last month.
Summary: A total of 108 homes were sold or pending in Marion County in March 2024, up by 6.9% month-over-month. Of the 108 sold homes, 28% were sold under asking, 41% were sold at asking, and 31% were sold over asking.
Days on Market for Marion County, OR
How long does it take to sell a home in Marion County, OR?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 59 Days | 43 Days | -26.2% |
Summary: Homes in Marion County had an average of 43 days on market in Mar 2024, down by 26.2% compared to last year.
Breakdown of Home Sale Times
62 Homes Were Sold
Under 30 Days
26 Homes Were Sold
In 30 - 90 Days
20 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, 108 homes were sold in Marion County; 57% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.
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