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 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, WI

How much do homes in Marion, WI cost?

Median Sold Price

$335,000

$176/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$35,000(+11.7%)

Key Takeaway

Homes in Marion have sold for 11.7% more than they did a year ago.

Summary: The median home sold price in Marion was $335,000 in October 2024, up 11.7% from last year, and the median price per square foot was $176.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$256K
N/A
2 $200K$255K
+27.5%
3 $289.9K$300K
+3.5%
4 $463.6K$340K
-26.7%
5+ $336K$1.1M
+255.7%

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 increased by 27.5%, 3 bedroom homes increased by 3.5%, 4 bedroom homes decreased by 26.7%, and 5+ bedroom homes increased by 255.7%.

Housing Supply in Marion, WI

How many homes are available in Marion, WI?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
36360.0%

Summary: The Marion real estate market had 36 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 10
-100.0%
2 98
-11.1%
3 1717
0.0%
4 78
+14.3%
5+ 23
+50.0%

Summary: The Marion housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 11.1%, 3 bedroom homes remained the same, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
910+11.1%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

4 Homes Were 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. 40% of homes here sold below asking price last month.

Summary: A total of 10 homes were sold or pending in Marion in October 2024, up by 11.1% month-over-month. Of the 10 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% 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 17 Days Ago

Newest Listings in Marion, WI

Nearby Markets to Marion, WI