Is Marion, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 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
$159,999
$114/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Marion have sold for 18.2% more than they did a year ago.
Summary: The median home sold price in Marion was $159,999 in May 2024, up 18.2% from last year, and the median price per square foot was $114.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $27.5K | $72K | +161.8% |
| 2 Bedrooms | $106.5K | $119.2K | +12.0% |
| 3 Bedrooms | $135K | $154.4K | +14.4% |
| 4 Bedrooms | $200.5K | $219.7K | +9.6% |
| 5+ Bedrooms | $283.5K | $290K | +2.3% |
Summary: Marion housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 161.8%, 2 bedroom homes increased by 12%, 3 bedroom homes increased by 14.4%, 4 bedroom homes increased by 9.6%, and 5+ bedroom homes increased by 2.3%.
Median Sold Price Compared To Nearby Cities
| Grand Prairie Township | $171K | $216.5K | +26.6% |
| Marion | $135.4K | $159.9K | +18.2% |
| Marion Township | $139.4K | $159.9K | +14.7% |
Housing Supply in Marion, OH
How many homes are available in Marion, OH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 173 | 176 | +1.7% |
Summary: The Marion real estate market had 176 homes for sale in May 2024, a 1.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 30 | 25 | -16.7% |
| 3 Bedrooms | 89 | 98 | +10.1% |
| 4 Bedrooms | 43 | 44 | +2.3% |
| 5+ Bedrooms | 10 | 9 | -10.0% |
Summary: The Marion housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 16.7%, 3 bedroom homes increased by 10.1%, 4 bedroom homes increased by 2.3%, and 5+ bedroom homes decreased by 10%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 51 | 52 | +2.0% |
Asking Price vs. Sold Price
23 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
21 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Marion, you may be able to get a good deal. 44.2% of homes here sold below asking price last month.
Summary: A total of 52 homes were sold or pending in Marion in May 2024, up by 2.0% month-over-month. Of the 52 sold homes, 44% were sold under asking, 15% 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 31 Days | 35 Days | +12.4% |
Summary: Homes in Marion had an average of 35 days on market in May 2024, up by 12.4% compared to last year.
Breakdown of Home Sale Times
31 Homes Were Sold
Under 30 Days
17 Homes Were Sold
In 30 - 90 Days
4 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 May 2024, 52 homes were sold in Marion; 60% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 8% 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.