Is Marion Township, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Marion Township has remained a Seller's Market.
Housing Prices in Marion Township, OH
How much do homes in Marion Township, OH cost?
Median Sold Price
$160,240
$115/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Marion Township was $160,240 in May 2024, up 6.8% from last year, and the median price per square foot was $115.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $27.5K | $72K | +161.8% |
2 Bedrooms | $109K | $120K | +10.1% |
3 Bedrooms | $148.3K | $155K | +4.5% |
4 Bedrooms | $230.5K | $224.7K | -2.5% |
5+ Bedrooms | $388.7K | $290K | -25.4% |
Summary: Marion Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 161.8%, 2 bedroom homes increased by 10.1%, 3 bedroom homes increased by 4.5%, 4 bedroom homes decreased by 2.5%, and 5+ bedroom homes decreased by 25.4%.
Median Sold Price Compared To Nearby Cities
Perry Township | $235K | $255K | +8.5% |
Marion Township | $150K | $160.2K | +6.8% |
Madison Township | $196.5K | $205K | +4.3% |
Union Township | $240K | $243K | +1.3% |
Housing Supply in Marion Township, OH
How many homes are available in Marion Township, OH?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
173 | 175 | +1.2% |
Summary: The Marion Township real estate market had 175 homes for sale in May 2024, a 1.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 30 | 24 | -20.0% |
3 Bedrooms | 88 | 97 | +10.2% |
4 Bedrooms | 44 | 45 | +2.3% |
5+ Bedrooms | 10 | 9 | -10.0% |
Summary: The Marion Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 20%, 3 bedroom homes increased by 10.2%, 4 bedroom homes increased by 2.3%, and 5+ bedroom homes decreased by 10%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
52 | 53 | +1.9% |
Asking Price vs. Sold Price
23 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
21 Homes Were Sold
Over Asking
Summary: A total of 53 homes were sold or pending in Marion Township in May 2024, up by 1.9% month-over-month. Of the 53 sold homes, 43% were sold under asking, 17% were sold at asking, and 40% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
31 Days | 34 Days | +10.4% |
Summary: Homes in Marion Township had an average of 34 days on market in May 2024, up by 10.4% compared to last year.
Breakdown of Home Sale Times
32 Homes Were Sold
Under 30 Days
17 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During May 2024, 53 homes were sold in Marion Township; 60% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.