Is Marion Township, OH 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 November 2023

At the same time last year, Marion Township was a Seller'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, OH

How much do homes in Marion Township, OH cost?

Median Sold Price

$168,500

$118/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$12,854(+8.3%)

Key Takeaway

Homes in Marion Township have sold for 8.3% more than they did a year ago.

Summary: The median home sold price in Marion Township was $168,500 in November 2024, up 8.3% from last year, and the median price per square foot was $118.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $57K$72K
+26.3%
2 $115.5K$128K
+10.8%
3 $150.5K$160.4K
+6.6%
4 $212.7K$224.5K
+5.5%
5+ $362K$279.5K
-22.8%

Summary: Marion Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 26.3%, 2 bedroom homes increased by 10.8%, 3 bedroom homes increased by 6.6%, 4 bedroom homes increased by 5.5%, and 5+ bedroom homes decreased by 22.8%.

Median Sold Price Compared To Nearby Cities

Perry Township
+39.0%
Marion Township
+8.3%
Madison Township
+2.5%
Union Township
-1.8%

Housing Supply in Marion Township, OH

How many homes are available in Marion Township, OH?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1413-7.1%

Summary: The Marion Township real estate market had 13 homes for sale in November 2024, a 7.1% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 23
+50.0%
3 108
-20.0%
4 22
0.0%
5+ 00
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 20%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
21-50.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Marion Township, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 1 homes were sold or pending in Marion Township in November 2024, down by 50.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for Marion Township, OH

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

Average Sale Time

Nov 2023Nov 2024CHANGE
23 Days165 Days+607.9%

Summary: Homes in Marion Township had an average of 165 days on market in Nov 2024, up by 607.9% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Marion Township are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During November 2024, 1 homes were sold in Marion Township; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% 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 21 Days Ago

Newest Listings in Marion Township, OH

Nearby Markets to Marion Township, OH