Is Marissa, IL 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, Marissa has remained a Seller's Market.
Key Takeaway
Marissa is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Marissa, IL
How much do homes in Marissa, IL cost?
Median Sold Price
$77,000
$59/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Key Takeaway
Homes in Marissa have sold for 64% less than they did a month ago.
Summary: The median home sold price in Marissa was $77,000 in May 2024, down 64% from last month, and the median price per square foot was $59.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $65.5K | - | N/A |
| 3 Bedrooms | $118.4K | $77K | -35.0% |
| 4 Bedrooms | $214K | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Marissa housing prices by bedroom type for May 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 decreased by 35%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Marissa | $214K | $77K | -64.0% |
| Marissa Township | $214K | $77K | -64.0% |
Housing Supply in Marissa, IL
How many homes are available in Marissa, IL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 11 | 11 | 0.0% |
Summary: The Marissa real estate market had 11 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 5 | +400.0% |
| 3 Bedrooms | 5 | 4 | -20.0% |
| 4 Bedrooms | 5 | 2 | -60.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Marissa housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 400%, 3 bedroom homes decreased by 20%, 4 bedroom homes decreased by 60%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 5 | 2 | -60.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Marissa, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Marissa in May 2024, down by 60.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Marissa, IL
How long does it take to sell a home in Marissa, IL?
Average Sale Time
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 186 Days | 74 Days | -60.0% |
Summary: Homes in Marissa had an average of 74 days on market in May 2024, down by 60% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Marissa has remained consistent over time.
Summary: During May 2024, 2 homes were sold in Marissa; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.