$949 Closing Credit*
$79,900
1,122 SqFt
2 Beds
•1 Full Bath
#50162928, Tustyn Yarger, Listing Office: PEYTON PROPERTIES, LLC
Is Marion, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Marion was a Seller's Market.
Key Takeaway
Marion is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Marion, MI
How much do homes in Marion, MI cost?
Median Sold Price
$165,300
$153/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
-$32,700(-16.5%)
Key Takeaway
Homes in Marion have sold for 16.5% less than they did a month ago.
Summary: The median home sold price in Marion was $165,300 in November 2024, down 16.5% from last month, and the median price per square foot was $153.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $198K | $207K | +4.5% |
| 3 Bedrooms | $234.7K | - | N/A |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | $123.6K | N/A |
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 increased by 4.5%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Marion | $198K | $165.3K | -16.5% |
| Marion Township | $198K | $165.3K | -16.5% |
Housing Supply in Marion, MI
How many homes are available in Marion, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 16 | 15 | -6.3% |
Summary: The Marion real estate market had 15 homes for sale in November 2024, a 6.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 7 | 6 | -14.3% |
| 3 Bedrooms | 6 | 4 | -33.3% |
| 4 Bedrooms | 1 | 2 | +100.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Marion housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 14.3%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 2 | -33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Marion, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Marion in November 2024, down by 33.3% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Marion, MI
How long does it take to sell a home in Marion, MI?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 11 Days | 170 Days | +1445.5% |
Summary: Homes in Marion had an average of 170 days on market in Nov 2024, up by 1445.5% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Marion has remained consistent over time.
Summary: During November 2024, 2 homes were sold in Marion; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS.