$2,374 Closing Credit*
$199,900
1,044 SqFt
2 Beds
•1 Full Bath
Listing Office: Coldwell Banker Realty
Is Marion Township, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Marion Township was a Neutral 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, MN
How much do homes in Marion Township, MN cost?
Median Sold Price
$445,000
$208/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$66,000(+17.4%)
Key Takeaway
Homes in Marion Township have sold for 17.4% more than they did a year ago.
Summary: The median home sold price in Marion Township was $445,000 in November 2024, up 17.4% from last year, and the median price per square foot was $208.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $120K | $311.2K | +159.4% |
| 3 Bedrooms | $315K | $372.4K | +18.2% |
| 4 Bedrooms | $444.4K | $527.5K | +18.7% |
| 5+ Bedrooms | $501.5K | $525K | +4.7% |
Summary: Marion Township housing prices by bedroom type for November 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 increased by 18.2%, 4 bedroom homes increased by 18.7%, and 5+ bedroom homes increased by 4.7%.
Median Sold Price Compared To Nearby Cities
| Marion Township | $379K | $445K | +17.4% |
| Rochester | $314.1K | $325K | +3.5% |
| Haverhill Township | $924.9K | $677.5K | -26.8% |
Housing Supply in Marion Township, MN
How many homes are available in Marion Township, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 16 | 14 | -12.5% |
Summary: The Marion Township real estate market had 14 homes for sale in November 2024, a 12.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 4 | 2 | -50.0% |
| 4 Bedrooms | 5 | 4 | -20.0% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Marion Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes decreased by 50%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 3 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Marion Township, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Marion Township in November 2024, the same as the previous month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 28 Days | 8 Days | -69.0% |
Summary: Homes in Marion Township had an average of 8 days on market in Nov 2024, down by 69% 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 November 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.
