Is Marion County, IN 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 County has remained a Seller's Market.
Housing Prices in Marion County, IN
How much do homes in Marion County, IN cost?
Median Sold Price
$239,959
$136/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Marion County was $239,959 in May 2024, up 2.3% from last year, and the median price per square foot was $136.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $145K | $162.5K | +12.1% |
2 Bedrooms | $173.7K | $180K | +3.6% |
3 Bedrooms | $229.4K | $234.9K | +2.4% |
4 Bedrooms | $303.6K | $309.8K | +2.0% |
5+ Bedrooms | $421.3K | $407K | -3.4% |
Summary: Marion County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.1%, 2 bedroom homes increased by 3.6%, 3 bedroom homes increased by 2.4%, 4 bedroom homes increased by 2%, and 5+ bedroom homes decreased by 3.4%.
Median Sold Price Compared To Nearby Counties
Hendricks County | $316K | $331.8K | +5.0% |
Hamilton County | $400K | $417.6K | +4.4% |
Marion County | $234.6K | $239.9K | +2.3% |
Johnson County | $293.7K | $300K | +2.1% |
Hancock County | $334.1K | $338.5K | +1.3% |
Housing Supply in Marion County, IN
How many homes are available in Marion County, IN?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
3,896 | 3,990 | +2.4% |
Summary: The Marion County real estate market had 3,990 homes for sale in May 2024, a 2.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 63 | 56 | -11.1% |
2 Bedrooms | 882 | 876 | -0.7% |
3 Bedrooms | 1,883 | 1,935 | +2.8% |
4 Bedrooms | 832 | 862 | +3.6% |
5+ Bedrooms | 236 | 261 | +10.6% |
Summary: The Marion County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 11.1%, 2 bedroom homes decreased by 0.7%, 3 bedroom homes increased by 2.8%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes increased by 10.6%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
1,119 | 1,087 | -2.9% |
Asking Price vs. Sold Price
487 Homes Were Sold
Under Asking
290 Homes Were Sold
At Asking
310 Homes Were Sold
Over Asking
Summary: A total of 1,087 homes were sold or pending in Marion County in May 2024, down by 2.9% month-over-month. Of the 1,087 sold homes, 45% were sold under asking, 27% were sold at asking, and 29% were sold over asking.
Days on Market for Marion County, IN
How long does it take to sell a home in Marion County, IN?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
32 Days | 30 Days | -5.6% |
Summary: Homes in Marion County had an average of 30 days on market in May 2024, down by 5.6% compared to last year.
Breakdown of Home Sale Times
811 Homes Were Sold
Under 30 Days
177 Homes Were Sold
In 30 - 90 Days
99 Homes Were Sold
Over 90 Days
Summary: During May 2024, 1087 homes were sold in Marion County; 75% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.