$23,000
1.33 Acres
Land
Listing Office: Keller Williams Pinnacle
Is Marissa, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Marissa was a Seller's Market.
Key Takeaway
Marissa is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Marissa, IL
How much do homes in Marissa, IL cost?
Median Sold Price
$94,000
$105/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$2,000(-2.1%)
Key Takeaway
Homes in Marissa have sold for 2.1% less than they did a year ago.
Summary: The median home sold price in Marissa was $94,000 in October 2024, down 2.1% from last year, and the median price per square foot was $105.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $100K | - | N/A |
| 2 Bedrooms | $67.5K | $87.5K | +29.6% |
| 3 Bedrooms | $92K | $97.4K | +5.9% |
| 4 Bedrooms | - | $214K | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Marissa housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 29.6%, 3 bedroom homes increased by 5.9%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Marissa | $96K | $94K | -2.1% |
| Marissa Township | $101.2K | $94K | -7.2% |
Housing Supply in Marissa, IL
How many homes are available in Marissa, IL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 12 | 10 | -16.7% |
Summary: The Marissa real estate market had 10 homes for sale in October 2024, a 16.7% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 3 | -40.0% |
| 3 Bedrooms | 7 | 7 | 0.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Marissa housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 40%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 1 | -66.7% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Marissa, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 1 homes were sold or pending in Marissa in October 2024, down by 66.7% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Marissa, IL
How long does it take to sell a home in Marissa, IL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 88 Days | 34 Days | -61.4% |
Summary: Homes in Marissa had an average of 34 days on market in Oct 2024, down by 61.4% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Marissa has remained consistent over time.
Summary: During October 2024, 1 homes were sold in Marissa; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.