Is Marion, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Marion is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

Marion is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Marion, VA

How much do homes in Marion, VA cost?

Median Sold Price

$170,000

$106/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$9,500(-5.3%)

Key Takeaway

Homes in Marion have sold for 5.3% less than they did a year ago.

Summary: The median home sold price in Marion was $170,000 in October 2024, down 5.3% from last year, and the median price per square foot was $106.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $137.5K$82K
-40.4%
3 $179K$249K
+39.1%
4 $365K$165K
-54.8%
5+ -$235K
N/A

Summary: Marion 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 decreased by 40.4%, 3 bedroom homes increased by 39.1%, 4 bedroom homes decreased by 54.8%, and 5+ bedroom homes did not change.

Housing Supply in Marion, VA

How many homes are available in Marion, VA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
10100.0%

Summary: The Marion real estate market had 10 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 33
0.0%
3 66
0.0%
4 11
0.0%
5+ 00
0.0%

Summary: The Marion 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 remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
04+100.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Marion, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Marion in October 2024, up by 100.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.

Days on Market for Marion, VA

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

Average Sale Time

Oct 2023Oct 2024CHANGE
72 Days85 Days+18.5%

Summary: Homes in Marion had an average of 85 days on market in Oct 2024, up by 18.5% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Marion has remained consistent over time.

Summary: During October 2024, 4 homes were sold in Marion; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 25% 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 20 Days Ago

Newest Listings in Marion, VA

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