Is Marion, WI 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 Last Month

Since last month, 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, WI

How much do homes in Marion, WI cost?

Median Sold Price

$195,000

$133/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$8,000(+4.3%)

Key Takeaway

Homes in Marion have sold for 4.3% more than they did a month ago.

Summary: The median home sold price in Marion was $195,000 in October 2024, up 4.3% from last month, and the median price per square foot was $133.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 $242.4K$195K
-19.6%
4 $52K-
N/A
5+ --
N/A

Summary: Marion housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 19.6%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Marion
+4.3%
Watterstown
-6.8%

Housing Supply in Marion, WI

How many homes are available in Marion, WI?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
129-25.0%

Summary: The Marion real estate market had 9 homes for sale in October 2024, a 25.0% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 22
0.0%
3 75
-28.6%
4 32
-33.3%
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 decreased by 28.6%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
330.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

2 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, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.

Summary: A total of 3 homes were sold or pending in Marion in October 2024, the same as the previous month. Of the 3 sold homes, 0% were sold under asking, 67% were sold at asking, and 33% were sold over asking.

Days on Market for Marion, WI

We’re sorry, we don't have information for this market at the moment

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, WI

Nearby Markets to Marion, WI