Is Marion County, TN 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, TN
How much do homes in Marion County, TN cost?
Median Sold Price
$290,000
$183/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 $290,000 in April 2024, up 31.4% from last year, and the median price per square foot was $183.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $155K | $152.5K | -1.6% |
2 Bedrooms | $168K | $211.5K | +25.9% |
3 Bedrooms | $232.5K | $280K | +20.4% |
4 Bedrooms | $243K | $440K | +81.1% |
5+ Bedrooms | $378K | $1.2M | +240.6% |
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 1.6%, 2 bedroom homes increased by 25.9%, 3 bedroom homes increased by 20.4%, 4 bedroom homes increased by 81.1%, and 5+ bedroom homes increased by 240.6%.
Median Sold Price Compared To Nearby Counties
Marion County | $220.7K | $290K | +31.4% |
Grundy County | $280K | $335K | +19.6% |
Franklin County | $289.2K | $299.9K | +3.7% |
Hamilton County | $348.4K | $355.9K | +2.2% |
Sequatchie County | $265K | $253.5K | -4.3% |
Housing Supply in Marion County, TN
How many homes are available in Marion County, TN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
94 | 101 | +7.4% |
Summary: The Marion County real estate market had 101 homes for sale in April 2024, a 7.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 4 | +100.0% |
2 Bedrooms | 18 | 16 | -11.1% |
3 Bedrooms | 56 | 56 | 0.0% |
4 Bedrooms | 13 | 20 | +53.8% |
5+ Bedrooms | 5 | 5 | 0.0% |
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 100%, 2 bedroom homes decreased by 11.1%, 3 bedroom homes remained the same, 4 bedroom homes increased by 53.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
17 | 17 | 0.0% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 17 homes were sold or pending in Marion County in April 2024, the same as the previous month. Of the 16 sold homes, 75% were sold under asking, 6% were sold at asking, and 19% were sold over asking.
Days on Market for Marion County, TN
How long does it take to sell a home in Marion County, TN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
38 Days | 60 Days | +57.5% |
Summary: Homes in Marion County had an average of 60 days on market in Apr 2024, up by 57.5% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 17 homes were sold in Marion County; 12% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.