Is Marion County, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, Marion County was a Seller's Market.
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
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
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $155K | $280K | +80.6% |
2 Bedrooms | $158.2K | $168K | +6.2% |
3 Bedrooms | $231K | $279K | +20.8% |
4 Bedrooms | $265.5K | $452.5K | +70.4% |
5+ Bedrooms | $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 | $215K | $283.5K | +31.9% |
Grundy County | $263K | $325K | +23.5% |
Franklin County | $285K | $295.2K | +3.6% |
Hamilton County | $340.8K | $351.7K | +3.2% |
Sequatchie County | $252.5K | $254K | +0.6% |
Housing Supply in Marion County, TN
How many homes are available in Marion County, TN?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
74 | 91 | +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
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 12 | 14 | +16.7% |
3 Bedrooms | 47 | 58 | +23.4% |
4 Bedrooms | 12 | 13 | +8.3% |
5+ Bedrooms | 2 | 4 | +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 2024 | Feb 2024 | CHANGE |
---|---|---|
9 | 8 | -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
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 2023 | Feb 2024 | CHANGE |
---|---|---|
84 Days | 43 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
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.