Is Marion County, 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 County has remained a Seller's Market.
Housing Prices in Marion County, OH
How much do homes in Marion County, OH cost?
Median Sold Price
$165,275
$117/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 $165,275 in May 2024, up 6.7% from last year, and the median price per square foot was $117.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $27.5K | $72K | +161.8% |
2 Bedrooms | $113K | $124.2K | +10.0% |
3 Bedrooms | $152.4K | $157.6K | +3.4% |
4 Bedrooms | $238K | $235K | -1.3% |
5+ Bedrooms | $228.6K | $279.5K | +22.3% |
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 161.8%, 2 bedroom homes increased by 10%, 3 bedroom homes increased by 3.4%, 4 bedroom homes decreased by 1.3%, and 5+ bedroom homes increased by 22.3%.
Median Sold Price Compared To Nearby Counties
Morrow County | $252K | $290.3K | +15.2% |
Crawford County | $145K | $165.5K | +14.1% |
Wyandot County | $152K | $165K | +8.6% |
Marion County | $154.8K | $165.2K | +6.7% |
Union County | $315.4K | $328.1K | +4.0% |
Housing Supply in Marion County, OH
How many homes are available in Marion County, OH?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
196 | 203 | +3.6% |
Summary: The Marion County real estate market had 203 homes for sale in May 2024, a 3.6% 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 | 32 | 29 | -9.4% |
3 Bedrooms | 105 | 115 | +9.5% |
4 Bedrooms | 48 | 49 | +2.1% |
5+ Bedrooms | 10 | 10 | 0.0% |
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 100%, 2 bedroom homes decreased by 9.4%, 3 bedroom homes increased by 9.5%, 4 bedroom homes increased by 2.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
60 | 62 | +3.3% |
Asking Price vs. Sold Price
26 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
25 Homes Were Sold
Over Asking
Summary: A total of 62 homes were sold or pending in Marion County in May 2024, up by 3.3% month-over-month. Of the 62 sold homes, 42% were sold under asking, 18% were sold at asking, and 40% were sold over asking.
Days on Market for Marion County, OH
How long does it take to sell a home in Marion County, OH?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
28 Days | 35 Days | +21.3% |
Summary: Homes in Marion County had an average of 35 days on market in May 2024, up by 21.3% compared to last year.
Breakdown of Home Sale Times
37 Homes Were Sold
Under 30 Days
20 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During May 2024, 62 homes were sold in Marion County; 60% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.