Is Marion, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Marion is a seller's market

Buyer's
Market

Difference Since Last Month

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

Key Takeaway

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

Housing Prices in Marion, IN

How much do homes in Marion, IN cost?

Median Sold Price

$114,000

$77/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$6,000(-5.0%)

Key Takeaway

Homes in Marion have sold for 5% less than they did a month ago.

Summary: The median home sold price in Marion was $114,000 in November 2024, down 5% from last month, and the median price per square foot was $77.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 $73K$54K
-26.0%
3 $128K$94K
-26.6%
4 $196.4K$167K
-15.0%
5+ $259.9K$209.5K
-19.4%

Summary: Marion housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 26%, 3 bedroom homes decreased by 26.6%, 4 bedroom homes decreased by 15%, and 5+ bedroom homes decreased by 19.4%.

Median Sold Price Compared To Nearby Cities

Mill Township
+40.0%
Franklin Township
+1.3%
Washington Township
0.0%
Marion
-5.0%
Center Township
-14.7%

Housing Supply in Marion, IN

How many homes are available in Marion, IN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
164155-5.5%

Summary: The Marion real estate market had 155 homes for sale in November 2024, a 5.5% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 3227
-15.6%
3 9693
-3.1%
4 3030
0.0%
5+ 54
-20.0%

Summary: The 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 15.6%, 3 bedroom homes decreased by 3.1%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 20%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
4735-25.5%

Asking Price vs. Sold Price

21 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Marion, you may be able to get a good deal. 61.8% of homes here sold below asking price last month.

Summary: A total of 35 homes were sold or pending in Marion in November 2024, down by 25.5% month-over-month. Of the 34 sold homes, 62% were sold under asking, 15% were sold at asking, and 24% were sold over asking.

Days on Market for Marion, IN

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

Average Sale Time

Oct 2024Nov 2024CHANGE
21 Days35 Days+66.7%

Summary: Homes in Marion had an average of 35 days on market in Nov 2024, up by 66.7% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Marion are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 35 homes were sold in Marion; 3% of homes were sold within 30 days, 3% of homes were sold within 30 to 90 days, and 0% 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 17 Days Ago

Newest Listings in Marion, IN

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