Listing Office: Tony Montgomery Realty & Auction
Is Marion Township, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Marion Township has remained a Neutral Market.
Key Takeaway
Marion Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Marion Township, MN
How much do homes in Marion Township, MN cost?
Median Sold Price
$430,000
$201/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$4,300(+1.0%)
Key Takeaway
Homes in Marion Township have sold for 1% more than they did a year ago.
Summary: The median home sold price in Marion Township was $430,000 in October 2024, up 1% from last year, and the median price per square foot was $201.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $120K | $311.2K | +159.4% |
| 3 Bedrooms | $335K | $315K | -6.0% |
| 4 Bedrooms | $494.5K | $527K | +6.6% |
| 5+ Bedrooms | $525.5K | $525K | -0.1% |
Summary: Marion Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 159.4%, 3 bedroom homes decreased by 6%, 4 bedroom homes increased by 6.6%, and 5+ bedroom homes decreased by 0.1%.
Median Sold Price Compared To Nearby Cities
| Rochester | $309.9K | $325K | +4.9% |
| Marion Township | $425.7K | $430K | +1.0% |
Housing Supply in Marion Township, MN
How many homes are available in Marion Township, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 15 | 18 | +20.0% |
Summary: The Marion Township real estate market had 18 homes for sale in October 2024, a 20.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 3 | 5 | +66.7% |
| 4 Bedrooms | 5 | 6 | +20.0% |
| 5+ Bedrooms | 5 | 5 | 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 remained the same, 3 bedroom homes increased by 66.7%, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 3 | +50.0% |
Asking Price vs. Sold Price
2 Homes Were 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 Township, you may be able to get a good deal. 66.7% 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, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for Marion Township, MN
How long does it take to sell a home in Marion Township, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 26 Days | 18 Days | -30.8% |
Summary: Homes in Marion Township had an average of 18 days on market in Oct 2024, down by 30.8% compared to last year.
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
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.
