Is Marion County, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Marion County is a buyer's market

Buyer's
Market

Difference Since February 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, TN

How much do homes in Marion County, TN cost?

Median Sold Price

$283,500

$181/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$68,500(+31.9%)

Key Takeaway

Homes in Marion County have sold for 31.9% more than they did a year ago.

Summary: The median home sold price in Marion County was $283,500 in February 2024, up 31.9% from last year, and the median price per square foot was $181.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $155K$280K
+80.6%
2 $158.2K$168K
+6.2%
3 $231K$279K
+20.8%
4 $265.5K$452.5K
+70.4%
5+ $378K$1.1M
+210.8%

Summary: Marion County housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 80.6%, 2 bedroom homes increased by 6.2%, 3 bedroom homes increased by 20.8%, 4 bedroom homes increased by 70.4%, and 5+ bedroom homes increased by 210.8%.

Median Sold Price Compared To Nearby Counties

Marion County
+31.9%
Grundy County
+23.5%
Franklin County
+3.6%
Hamilton County
+3.2%
Sequatchie County
+0.6%

Housing Supply in Marion County, TN

How many homes are available in Marion County, TN?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
7491+23.0%

Summary: The Marion County real estate market had 91 homes for sale in February 2024, a 23.0% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 12
+100.0%
2 1214
+16.7%
3 4758
+23.4%
4 1213
+8.3%
5+ 24
+100.0%

Summary: The Marion County housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 23.4%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
98-11.1%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Marion County, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in Marion County in February 2024, down by 11.1% month-over-month. Of the 8 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Marion County, TN

How long does it take to sell a home in Marion County, TN?

Average Sale Time

Feb 2023Feb 2024CHANGE
84 Days43 Days-49.2%

Summary: Homes in Marion County had an average of 43 days on market in Feb 2024, down by 49.2% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During February 2024, 8 homes were sold in Marion County; 13% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 0% 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 28 Days Ago

Newest Listings in Marion County, TN

Nearby Markets to Marion County, TN

What housing markets are near Marion County, TN?