Is Marion Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Marion Township has remained a Seller's Market.
Housing Prices in Marion Township, IL
How much do homes in Marion Township, IL cost?
Median Sold Price
$264,000
$136/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Summary: The median home sold price in Marion Township was $264,000 in May 2024, up 37.5% from last month, and the median price per square foot was $136.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $123K | $145K | +17.9% |
3 Bedrooms | $157.2K | $223.2K | +41.9% |
4 Bedrooms | $387K | $337.6K | -12.7% |
5+ Bedrooms | $342.5K | $660K | +92.7% |
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 17.9%, 3 bedroom homes increased by 41.9%, 4 bedroom homes decreased by 12.7%, and 5+ bedroom homes increased by 92.7%.
Housing Supply in Marion Township, IL
How many homes are available in Marion Township, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
110 | 116 | +5.5% |
Summary: The Marion Township real estate market had 116 homes for sale in May 2024, a 5.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 17 | 16 | -5.9% |
3 Bedrooms | 67 | 72 | +7.5% |
4 Bedrooms | 20 | 23 | +15.0% |
5+ Bedrooms | 6 | 5 | -16.7% |
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 decreased by 5.9%, 3 bedroom homes increased by 7.5%, 4 bedroom homes increased by 15%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
27 | 30 | +11.1% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 30 homes were sold or pending in Marion Township in May 2024, up by 11.1% month-over-month. Of the 30 sold homes, 53% were sold under asking, 10% were sold at asking, and 37% were sold over asking.
Days on Market for Marion Township, IL
How long does it take to sell a home in Marion Township, IL?
Average Sale Time
Apr 2024 | May 2024 | CHANGE |
---|---|---|
33 Days | 34 Days | +5.3% |
Summary: Homes in Marion Township had an average of 34 days on market in May 2024, up by 5.3% compared to last month.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During May 2024, 30 homes were sold in Marion Township; 60% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.