Is Marion County, SC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Marion County is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Marion County has remained a Seller's Market.

Key Takeaway

Marion County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Marion County, SC

How much do homes in Marion County, SC cost?

Median Sold Price

$125,000

$77/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

-$37,500(-23.1%)

Key Takeaway

Homes in Marion County have sold for 23.1% less than they did a year ago.

Summary: The median home sold price in Marion County was $125,000 in May 2024, down 23.1% from last year, and the median price per square foot was $77.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $120K-
N/A
2 $104K$42.5K
-59.1%
3 $163.7K$125K
-23.7%
4 $237.5K$159.9K
-32.7%
5+ $139K$293.9K
+111.5%

Summary: Marion County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 59.1%, 3 bedroom homes decreased by 23.7%, 4 bedroom homes decreased by 32.7%, and 5+ bedroom homes increased by 111.5%.

Median Sold Price Compared To Nearby Counties

Williamsburg County
+7.0%
Horry County
+1.8%
Marion County
-23.1%

Housing Supply in Marion County, SC

How many homes are available in Marion County, SC?

Number of Homes For Sale

Apr 2024May 2024CHANGE
4339-9.3%

Summary: The Marion County real estate market had 39 homes for sale in May 2024, a 9.3% decrease compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 67
+16.7%
3 2823
-17.9%
4 67
+16.7%
5+ 32
-33.3%

Summary: The Marion County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 16.7%, 3 bedroom homes decreased by 17.9%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Apr 2024May 2024CHANGE
89+12.5%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Marion County, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.

Summary: A total of 9 homes were sold or pending in Marion County in May 2024, up by 12.5% month-over-month. Of the 9 sold homes, 56% were sold under asking, 11% were sold at asking, and 33% were sold over asking.

Days on Market for Marion County, SC

How long does it take to sell a home in Marion County, SC?

Average Sale Time

May 2023May 2024CHANGE
100 Days105 Days+5.7%

Summary: Homes in Marion County had an average of 105 days on market in May 2024, up by 5.7% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Marion County has remained consistent over time.

Summary: During May 2024, 9 homes were sold in Marion County; 0% of homes were sold within 30 days, 78% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

Newest Listings in Marion County, SC

Nearby Markets to Marion County, SC

What housing markets are near Marion County, SC?