Is Marion County, OR 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, OR
How much do homes in Marion County, OR cost?
Median Sold Price
$443,097
$274/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 $443,097 in May 2024, up 0.7% from last year, and the median price per square foot was $274.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $263.9K | $300K | +13.7% |
2 Bedrooms | $320K | $337K | +5.3% |
3 Bedrooms | $429.4K | $430K | 0.2% |
4 Bedrooms | $516K | $493.3K | -4.4% |
5+ Bedrooms | $538.9K | $575K | +6.7% |
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 13.7%, 2 bedroom homes increased by 5.3%, 3 bedroom homes increased by 0.2%, 4 bedroom homes decreased by 4.4%, and 5+ bedroom homes increased by 6.7%.
Median Sold Price Compared To Nearby Counties
Linn County | $394.7K | $408K | +3.4% |
Marion County | $439.9K | $443K | +0.7% |
Clackamas County | $605.7K | $610.1K | +0.7% |
Yamhill County | $477.5K | $481K | +0.7% |
Polk County | $469.9K | $445K | -5.3% |
Housing Supply in Marion County, OR
How many homes are available in Marion County, OR?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
643 | 665 | +3.4% |
Summary: The Marion County real estate market had 665 homes for sale in May 2024, a 3.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 8 | 6 | -25.0% |
2 Bedrooms | 95 | 101 | +6.3% |
3 Bedrooms | 325 | 330 | +1.5% |
4 Bedrooms | 169 | 180 | +6.5% |
5+ Bedrooms | 46 | 48 | +4.3% |
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 25%, 2 bedroom homes increased by 6.3%, 3 bedroom homes increased by 1.5%, 4 bedroom homes increased by 6.5%, and 5+ bedroom homes increased by 4.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
140 | 127 | -9.3% |
Asking Price vs. Sold Price
46 Homes Were Sold
Under Asking
42 Homes Were Sold
At Asking
39 Homes Were Sold
Over Asking
Summary: A total of 127 homes were sold or pending in Marion County in May 2024, down by 9.3% month-over-month. Of the 127 sold homes, 36% were sold under asking, 33% were sold at asking, and 31% were sold over asking.
Days on Market for Marion County, OR
How long does it take to sell a home in Marion County, OR?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
36 Days | 50 Days | +38.1% |
Summary: Homes in Marion County had an average of 50 days on market in May 2024, up by 38.1% compared to last year.
Breakdown of Home Sale Times
72 Homes Were Sold
Under 30 Days
33 Homes Were Sold
In 30 - 90 Days
22 Homes Were Sold
Over 90 Days
Summary: During May 2024, 127 homes were sold in Marion County; 57% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.