Is Marion Township, MI 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 Township has remained a Seller's Market.
Housing Prices in Marion Township, MI
How much do homes in Marion Township, MI cost?
Median Sold Price
$369,900
$193/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Marion Township was $369,900 in April 2024, down 1.4% from last year, and the median price per square foot was $193.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $110K | $75K | -31.8% |
2 Bedrooms | $300K | $275K | -8.3% |
3 Bedrooms | $352.5K | $351K | -0.4% |
4 Bedrooms | $408.7K | $395K | -3.4% |
5+ Bedrooms | $430K | $499.9K | +16.3% |
Summary: Marion Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 31.8%, 2 bedroom homes decreased by 8.3%, 3 bedroom homes decreased by 0.4%, 4 bedroom homes decreased by 3.4%, and 5+ bedroom homes increased by 16.3%.
Median Sold Price Compared To Nearby Cities
Genoa Township | $360K | $401K | +11.4% |
Putnam Township | $307.5K | $340K | +10.6% |
Howell | $333.9K | $351.9K | +5.4% |
Howell Township | $336.2K | $352.3K | +4.8% |
Marion Township | $375K | $369.9K | -1.4% |
Housing Supply in Marion Township, MI
How many homes are available in Marion Township, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
76 | 76 | 0.0% |
Summary: The Marion Township real estate market had 76 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 17 | 16 | -5.9% |
3 Bedrooms | 27 | 27 | 0.0% |
4 Bedrooms | 17 | 19 | +11.8% |
5+ Bedrooms | 13 | 12 | -7.7% |
Summary: The Marion Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 5.9%, 3 bedroom homes remained the same, 4 bedroom homes increased by 11.8%, and 5+ bedroom homes decreased by 7.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
18 | 15 | -16.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 15 homes were sold or pending in Marion Township in April 2024, down by 16.7% month-over-month. Of the 15 sold homes, 20% were sold under asking, 27% were sold at asking, and 53% were sold over asking.
Days on Market for Marion Township, MI
How long does it take to sell a home in Marion Township, MI?
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 15 homes were sold in Marion Township; 87% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.