$2,968 Closing Credit*
$249,900
1,984 SqFt
3 Beds
•2 Full Baths
ANGELA SMITH, Listing Office: RE/MAX INTEGRITY
Is West Marion, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, West Marion has remained a Seller's Market.
Key Takeaway
West Marion is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in West Marion, IL
How much do homes in West Marion, IL cost?
Median Sold Price
$164,500
$104/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$13,300(+8.8%)
Key Takeaway
Homes in West Marion have sold for 8.8% more than they did a year ago.
Summary: The median home sold price in West Marion was $164,500 in November 2024, up 8.8% from last year, and the median price per square foot was $104.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $184K | N/A |
| 2 Bedrooms | $79.9K | $93.5K | +16.9% |
| 3 Bedrooms | $155K | $173.2K | +11.8% |
| 4 Bedrooms | $254.7K | $196K | -23.1% |
| 5+ Bedrooms | $485K | $640K | +32.0% |
Summary: West Marion housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 16.9%, 3 bedroom homes increased by 11.8%, 4 bedroom homes decreased by 23.1%, and 5+ bedroom homes increased by 32%.
Housing Supply in West Marion, IL
How many homes are available in West Marion, IL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 49 | 59 | +20.4% |
Summary: The West Marion real estate market had 59 homes for sale in November 2024, a 20.4% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 15 | 14 | -6.7% |
| 3 Bedrooms | 24 | 33 | +37.5% |
| 4 Bedrooms | 6 | 6 | 0.0% |
| 5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The West Marion housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 6.7%, 3 bedroom homes increased by 37.5%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 8 | 15 | +87.5% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in West Marion, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 15 homes were sold or pending in West Marion in November 2024, up by 87.5% month-over-month. Of the 15 sold homes, 67% were sold under asking, 13% were sold at asking, and 20% were sold over asking.
Days on Market for West Marion, IL
How long does it take to sell a home in West Marion, IL?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 30 Days | 34 Days | +11.1% |
Summary: Homes in West Marion had an average of 34 days on market in Nov 2024, up by 11.1% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in West Marion are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 15 homes were sold in West Marion; 53% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.