Is Marion County, IN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Marion County has remained a Seller's Market.
Housing Prices in Marion County, IN
How much do homes in Marion County, IN cost?
Median Sold Price
$239,368
$135/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Marion County was $239,368 in April 2024, up 1.9% from last year, and the median price per square foot was $135.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $160.2K | $155K | -3.2% |
2 Bedrooms | $173.5K | $179.1K | +3.2% |
3 Bedrooms | $229.7K | $234.2K | +2.0% |
4 Bedrooms | $305.1K | $305K | 0% |
5+ Bedrooms | $430K | $405.1K | -5.8% |
Summary: Marion County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.2%, 2 bedroom homes increased by 3.2%, 3 bedroom homes increased by 2%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 5.8%.
Median Sold Price Compared To Nearby Counties
Hamilton County | $399.9K | $415.7K | +4.0% |
Johnson County | $290.5K | $299.9K | +3.2% |
Hendricks County | $319.4K | $328.6K | +2.9% |
Marion County | $234.8K | $239.3K | +1.9% |
Hancock County | $334.5K | $336.2K | 0.5% |
Housing Supply in Marion County, IN
How many homes are available in Marion County, IN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
3,723 | 3,733 | 0.3% |
Summary: The Marion County real estate market had 3,733 homes for sale in April 2024, a 0.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 57 | 64 | +12.3% |
2 Bedrooms | 859 | 871 | +1.4% |
3 Bedrooms | 1,785 | 1,802 | +1.0% |
4 Bedrooms | 798 | 785 | -1.6% |
5+ Bedrooms | 224 | 211 | -5.8% |
Summary: The Marion County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 12.3%, 2 bedroom homes increased by 1.4%, 3 bedroom homes increased by 1%, 4 bedroom homes decreased by 1.6%, and 5+ bedroom homes decreased by 5.8%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
1,051 | 1,085 | +3.2% |
Asking Price vs. Sold Price
489 Homes Were Sold
Under Asking
279 Homes Were Sold
At Asking
317 Homes Were Sold
Over Asking
Summary: A total of 1,085 homes were sold or pending in Marion County in April 2024, up by 3.2% month-over-month. Of the 1,085 sold homes, 45% were sold under asking, 26% were sold at asking, and 29% were sold over asking.
Days on Market for Marion County, IN
How long does it take to sell a home in Marion County, IN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
30 Days | 32 Days | +7.4% |
Summary: Homes in Marion County had an average of 32 days on market in Apr 2024, up by 7.4% compared to last year.
Breakdown of Home Sale Times
776 Homes Were Sold
Under 30 Days
164 Homes Were Sold
In 30 - 90 Days
142 Homes Were Sold
Over 90 Days
Summary: During April 2024, 1085 homes were sold in Marion County; 72% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.