Is Marion County, IL 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, IL
How much do homes in Marion County, IL cost?
Median Sold Price
$115,700
$75/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 $115,700 in April 2024, up 7.2% from last year, and the median price per square foot was $75.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $35K | $59.2K | +69.1% |
2 Bedrooms | $66.2K | $71K | +7.2% |
3 Bedrooms | $121K | $121.8K | +0.7% |
4 Bedrooms | $162K | $158K | -2.5% |
5+ Bedrooms | $186.5K | $207.5K | +11.3% |
Summary: Marion County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 69.1%, 2 bedroom homes increased by 7.2%, 3 bedroom homes increased by 0.7%, 4 bedroom homes decreased by 2.5%, and 5+ bedroom homes increased by 11.3%.
Median Sold Price Compared To Nearby Counties
Jefferson County | $125K | $140K | +12.0% |
Clinton County | $179.9K | $193.2K | +7.4% |
Marion County | $107.8K | $115.7K | +7.2% |
Clay County | $87K | $91.4K | +5.1% |
Fayette County | $123K | $115K | -6.5% |
Housing Supply in Marion County, IL
How many homes are available in Marion County, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
109 | 113 | +3.7% |
Summary: The Marion County real estate market had 113 homes for sale in April 2024, a 3.7% 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 | 39 | 35 | -10.3% |
3 Bedrooms | 46 | 57 | +23.9% |
4 Bedrooms | 17 | 16 | -5.9% |
5+ Bedrooms | 5 | 3 | -40.0% |
Summary: The Marion County 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 decreased by 10.3%, 3 bedroom homes increased by 23.9%, 4 bedroom homes decreased by 5.9%, and 5+ bedroom homes decreased by 40%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
33 | 24 | -27.3% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 24 homes were sold or pending in Marion County in April 2024, down by 27.3% month-over-month. Of the 24 sold homes, 50% were sold under asking, 21% were sold at asking, and 29% were sold over asking.
Days on Market for Marion County, IL
How long does it take to sell a home in Marion County, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
41 Days | 22 Days | -45.4% |
Summary: Homes in Marion County had an average of 22 days on market in Apr 2024, down by 45.4% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 24 homes were sold in Marion County; 83% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.