Is Marion, SC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Marion is a neutral's market

Buyer's
Market

Difference Since April 2023

At the same time last year, Marion was a Seller's Market.

Key Takeaway

Marion 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, SC

How much do homes in Marion, SC cost?

Median Sold Price

$121,250

$73/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

-$41,250(-25.4%)

Key Takeaway

Homes in Marion have sold for 25.4% less than they did a year ago.

Summary: The median home sold price in Marion was $121,250 in April 2024, down 25.4% from last year, and the median price per square foot was $73.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 -$120K
N/A
2 $104K$30K
-71.2%
3 $171K$135K
-21.1%
4 $128K$69.2K
-45.9%
5+ $1.0M$258.9K
-74.1%

Summary: Marion housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 71.2%, 3 bedroom homes decreased by 21.1%, 4 bedroom homes decreased by 45.9%, and 5+ bedroom homes decreased by 74.1%.

Housing Supply in Marion, SC

How many homes are available in Marion, SC?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
2125+19.0%

Summary: The Marion real estate market had 25 homes for sale in April 2024, a 19.0% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 22
0.0%
3 1417
+21.4%
4 34
+33.3%
5+ 22
0.0%

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 remained the same, 3 bedroom homes increased by 21.4%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
24+100.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Marion, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Marion in April 2024, up by 100.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.

Days on Market for Marion, SC

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

Average Sale Time

Apr 2023Apr 2024CHANGE
96 Days135 Days+40.9%

Summary: Homes in Marion had an average of 135 days on market in Apr 2024, up by 40.9% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 4 homes were sold in Marion; 0% of homes were sold within 30 days, 75% of homes were sold within 30 to 90 days, and 25% 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 17 Days Ago

Newest Listings in Marion, SC

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