Is Marion, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Marion has remained a Buyer's Market.
Housing Prices in Marion, TX
How much do homes in Marion, TX cost?
Median Sold Price
$517,500
$221/sqft
Based on all homes sold in March 2024.
Difference Since Last Month
Summary: The median home sold price in Marion was $517,500 in March 2024, up 24.9% from last month, and the median price per square foot was $221.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | - | N/A |
3 Bedrooms | $422.5K | $435.2K | +3.0% |
4 Bedrooms | $414.2K | $585K | +41.2% |
5+ Bedrooms | - | - | N/A |
Summary: Marion housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 3%, 4 bedroom homes increased by 41.2%, and 5+ bedroom homes did not change.
Housing Supply in Marion, TX
How many homes are available in Marion, TX?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
43 | 51 | +18.6% |
Summary: The Marion real estate market had 51 homes for sale in March 2024, a 18.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 2 | 0.0% |
3 Bedrooms | 19 | 25 | +31.6% |
4 Bedrooms | 22 | 24 | +9.1% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Marion housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 31.6%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
5 | 6 | +20.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Marion in March 2024, up by 20.0% month-over-month. Of the 6 sold homes, 83% were sold under asking, 17% were sold at asking, and 0% were sold over asking.
Days on Market for Marion, TX
How long does it take to sell a home in Marion, TX?
Average Sale Time
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
205 Days | 39 Days | -80.8% |
Summary: Homes in Marion had an average of 39 days on market in Mar 2024, down by 80.8% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 6 homes were sold in Marion; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.