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 seller's market

Buyer's
Market

Difference Since December 2023

Since last year, Marion Township has remained a Seller's 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, OH

How much do homes in Marion Township, OH cost?

Median Sold Price

$170,335

$122/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$15,285(+9.9%)

Key Takeaway

Homes in Marion Township have sold for 9.9% more than they did a year ago.

Summary: The median home sold price in Marion Township was $170,335 in December 2024, up 9.9% from last year, and the median price per square foot was $122.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $57K$58.5K
+2.6%
2 $117K$126K
+7.7%
3 $148.6K$165K
+11.0%
4 $221K$215K
-2.7%
5+ $362K$279.5K
-22.8%

Summary: Marion Township housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.6%, 2 bedroom homes increased by 7.7%, 3 bedroom homes increased by 11%, 4 bedroom homes decreased by 2.7%, and 5+ bedroom homes decreased by 22.8%.

Median Sold Price Compared To Nearby Cities

Marion Township
+9.9%
Franklin Township
+6.0%
Jackson Township
-16.7%

Housing Supply in Marion Township, OH

How many homes are available in Marion Township, OH?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
151136-9.9%

Summary: The Marion Township real estate market had 136 homes for sale in December 2024, a 9.9% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 3230
-6.3%
3 9184
-7.7%
4 2418
-25.0%
5+ 44
0.0%

Summary: The Marion Township housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 6.3%, 3 bedroom homes decreased by 7.7%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
4629-37.0%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

10 Homes Were Sold
At Asking

6 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. 44.8% of homes here sold below asking price last month.

Summary: A total of 29 homes were sold or pending in Marion Township in December 2024, down by 37.0% month-over-month. Of the 29 sold homes, 45% were sold under asking, 34% were sold at asking, and 21% 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

Dec 2023Dec 2024CHANGE
21 Days26 Days+19.2%

Summary: Homes in Marion Township had an average of 26 days on market in Dec 2024, up by 19.2% compared to last year.

Breakdown of Home Sale Times

21 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

2 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 December 2024, 29 homes were sold in Marion Township; 72% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 7% 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 2 Days Ago

Newest Listings in Marion Township, OH

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