Is Marion Township, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Marion Township is a neutral's market

Buyer's
Market

Difference Since Last Month

Last month, Marion Township was a Buyer's Market.

Key Takeaway

Marion Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Marion Township, IN

How much do homes in Marion Township, IN cost?

Median Sold Price

$112,950

$75/sqft

Based on all homes sold in May 2024.

Difference Since Last Month

+$92,950(+464.8%)

Key Takeaway

Homes in Marion Township have sold for 464.8% more than they did a month ago.

Summary: The median home sold price in Marion Township was $112,950 in May 2024, up 464.8% from last month, and the median price per square foot was $75.

Median Sold Price By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 --
N/A
2 $20K$103.9K
+419.8%
3 -$103.2K
N/A
4 -$177.9K
N/A
5+ --
N/A

Summary: Marion Township 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 increased by 419.8%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Marion Township, IN

How many homes are available in Marion Township, IN?

Number of Homes For Sale

Apr 2024May 2024CHANGE
4686+87.0%

Summary: The Marion Township real estate market had 86 homes for sale in May 2024, a 87.0% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 1217
+41.7%
3 2045
+125.0%
4 1018
+80.0%
5+ 46
+50.0%

Summary: The Marion Township 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 41.7%, 3 bedroom homes increased by 125%, 4 bedroom homes increased by 80%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Apr 2024May 2024CHANGE
114+1300.0%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Marion Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 14 homes were sold or pending in Marion Township in May 2024, up by 1300.0% month-over-month. Of the 14 sold homes, 50% were sold under asking, 21% were sold at asking, and 29% were sold over asking.

Days on Market for Marion Township, IN

How long does it take to sell a home in Marion Township, IN?

Average Sale Time

Apr 2024May 2024CHANGE
8 Days46 Days+475.0%

Summary: Homes in Marion Township had an average of 46 days on market in May 2024, up by 475% compared to last month.

Breakdown of Home Sale Times

0 Homes Were 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

Avg time on Rocket Homes in Marion Township has remained consistent over time.

Summary: During May 2024, 14 homes were sold in Marion Township; 0% of homes were sold within 30 days, 7% 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 1 Day Ago

Newest Listings in Marion Township, IN

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