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 Last Month

Since last month, 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

$120,000

$87/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$54,250(-31.1%)

Key Takeaway

Homes in Marion Township have sold for 31.1% less than they did a month ago.

Summary: The median home sold price in Marion Township was $120,000 in October 2024, down 31.1% from last month, and the median price per square foot was $87.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 $176.5K-
N/A
2 $155K$73K
-52.9%
3 $162.9K$128K
-21.4%
4 $217K$196.4K
-9.5%
5+ $449K$259.9K
-42.1%

Summary: Marion Township housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 52.9%, 3 bedroom homes decreased by 21.4%, 4 bedroom homes decreased by 9.5%, and 5+ bedroom homes decreased by 42.1%.

Median Sold Price Compared To Nearby Cities

Marion Township
-31.1%
Clay Township
-58.1%

Housing Supply in Marion Township, IN

How many homes are available in Marion Township, IN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
166174+4.8%

Summary: The Marion Township real estate market had 174 homes for sale in October 2024, a 4.8% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 21
-50.0%
2 2934
+17.2%
3 96100
+4.2%
4 3434
0.0%
5+ 55
0.0%

Summary: The Marion Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 17.2%, 3 bedroom homes increased by 4.2%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
4047+17.5%

Asking Price vs. Sold Price

25 Homes Were Sold
Under Asking

11 Homes Were Sold
At Asking

11 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. 53.2% of homes here sold below asking price last month.

Summary: A total of 47 homes were sold or pending in Marion Township in October 2024, up by 17.5% month-over-month. Of the 47 sold homes, 53% were sold under asking, 23% were sold at asking, and 23% 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

Sep 2024Oct 2024CHANGE
110 Days21 Days-81.0%

Summary: Homes in Marion Township had an average of 21 days on market in Oct 2024, down by 81% 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 Township are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 47 homes were sold in Marion Township; 2% 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 16 Days Ago

Newest Listings in Marion Township, IN

Nearby Markets to Marion Township, IN

What housing markets are near Marion Township, IN?