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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Marion Township is a buyer's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

Marion Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Marion Township, MI

How much do homes in Marion Township, MI cost?

Median Sold Price

$178,000

$106/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$23,000(+14.8%)

Key Takeaway

Homes in Marion Township have sold for 14.8% more than they did a year ago.

Summary: The median home sold price in Marion Township was $178,000 in October 2024, up 14.8% from last year, and the median price per square foot was $106.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $70K$74.4K
+6.4%
2 $110K$150K
+36.4%
3 $170K$193.2K
+13.7%
4 $155K$165K
+6.5%
5+ $310.5K$299.9K
-3.4%

Summary: Marion Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.4%, 2 bedroom homes increased by 36.4%, 3 bedroom homes increased by 13.7%, 4 bedroom homes increased by 6.5%, and 5+ bedroom homes decreased by 3.4%.

Housing Supply in Marion Township, MI

How many homes are available in Marion Township, MI?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1922+15.8%

Summary: The Marion Township real estate market had 22 homes for sale in October 2024, a 15.8% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 57
+40.0%
3 1010
0.0%
4 23
+50.0%
5+ 22
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 remained the same, 2 bedroom homes increased by 40%, 3 bedroom homes remained the same, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
23+50.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 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. 100% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Marion Township in October 2024, up by 50.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Marion Township, MI

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

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

0 Homes Were 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, 3 homes were sold in Marion Township; 100% of homes were sold within 30 days, 0% 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 Township, MI

Nearby Markets to Marion Township, MI