Is Marion, OH 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 has remained a Seller's Market.
Key Takeaway
Marion is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Marion, OH
How much do homes in Marion, OH cost?
Median Sold Price
$157,780
$114/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Marion have sold for 20.4% more than they did a year ago.
Summary: The median home sold price in Marion was $157,780 in April 2024, up 20.4% from last year, and the median price per square foot was $114.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $25K | $64.5K | +158.0% |
| 2 Bedrooms | $95K | $122.5K | +28.9% |
| 3 Bedrooms | $131K | $151.7K | +15.8% |
| 4 Bedrooms | $182.5K | $215K | +17.8% |
| 5+ Bedrooms | $269.9K | $294.9K | +9.3% |
Summary: Marion housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 158%, 2 bedroom homes increased by 28.9%, 3 bedroom homes increased by 15.8%, 4 bedroom homes increased by 17.8%, and 5+ bedroom homes increased by 9.3%.
Median Sold Price Compared To Nearby Cities
| Marion | $131K | $157.7K | +20.4% |
| Marion Township | $135.6K | $157.2K | +15.9% |
Housing Supply in Marion, OH
How many homes are available in Marion, OH?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 225 | 241 | +7.1% |
Summary: The Marion real estate market had 241 homes for sale in April 2024, a 7.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 37 | 40 | +8.1% |
| 3 Bedrooms | 127 | 129 | +1.6% |
| 4 Bedrooms | 50 | 57 | +14.0% |
| 5+ Bedrooms | 9 | 13 | +44.4% |
Summary: The Marion 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 increased by 8.1%, 3 bedroom homes increased by 1.6%, 4 bedroom homes increased by 14%, and 5+ bedroom homes increased by 44.4%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 49 | 47 | -4.1% |
Asking Price vs. Sold Price
25 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Marion, you may be able to get a good deal. 53.2% of homes here sold below asking price last month.
Summary: A total of 47 homes were sold or pending in Marion in April 2024, down by 4.1% month-over-month. Of the 47 sold homes, 53% were sold under asking, 6% were sold at asking, and 40% were sold over asking.
Days on Market for Marion, OH
How long does it take to sell a home in Marion, OH?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 33 Days | 22 Days | -30.9% |
Summary: Homes in Marion had an average of 22 days on market in Apr 2024, down by 30.9% compared to last year.
Breakdown of Home Sale Times
35 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Marion are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 47 homes were sold in Marion; 74% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
The information is being provided by Columbus and Central Ohio Regional Multiple Listing Service. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. 
Copyright 2024 NORIS. All rights reserved. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of the NORIS MLS. Real estate listings held by brokerage firms other than this brokerage are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. This broker participates in Northwest Ohio Real Estate Information Systems, Inc. Broker Reciprocity program, allowing us to display other broker’s listings on our site.