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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Marion Township is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Marion Township, IN

How much do homes in Marion Township, IN cost?

Median Sold Price

$145,800

$96/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$35,800(+32.5%)

Key Takeaway

Homes in Marion Township have sold for 32.5% more than they did a year ago.

Summary: The median home sold price in Marion Township was $145,800 in October 2024, up 32.5% from last year, and the median price per square foot was $96.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $99K$50.2K
-49.2%
2 $115.4K$73K
-36.8%
3 $71.5K$140K
+95.8%
4 $250K$240.5K
-3.8%
5+ $325K$252.4K
-22.3%

Summary: Marion Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 49.2%, 2 bedroom homes decreased by 36.8%, 3 bedroom homes increased by 95.8%, 4 bedroom homes decreased by 3.8%, and 5+ bedroom homes decreased by 22.3%.

Housing Supply in Marion Township, IN

How many homes are available in Marion Township, IN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
207210+1.4%

Summary: The Marion Township real estate market had 210 homes for sale in October 2024, a 1.4% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 22
0.0%
2 3340
+21.2%
3 124124
0.0%
4 4138
-7.3%
5+ 76
-14.3%

Summary: The Marion Township 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 increased by 21.2%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 7.3%, and 5+ bedroom homes decreased by 14.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
4856+16.7%

Asking Price vs. Sold Price

30 Homes Were Sold
Under Asking

14 Homes Were Sold
At Asking

12 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Marion Township, you may be able to get a good deal. 53.6% of homes here sold below asking price last month.

Summary: A total of 56 homes were sold or pending in Marion Township in October 2024, up by 16.7% month-over-month. Of the 56 sold homes, 54% were sold under asking, 25% were sold at asking, and 21% were sold over asking.

Days on Market for Marion Township, IN

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

Average Sale Time

Oct 2023Oct 2024CHANGE
7 Days13 Days+72.8%

Summary: Homes in Marion Township had an average of 13 days on market in Oct 2024, up by 72.8% compared to last year.

Breakdown of Home Sale Times

3 Homes Were 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 Township are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 56 homes were sold in Marion Township; 5% of homes were sold within 30 days, 2% 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 20 Days Ago

Newest Listings in Marion Township, IN

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