Is East Marion, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, East Marion has remained a Seller's Market.
Housing Prices in East Marion, IL
How much do homes in East Marion, IL cost?
Median Sold Price
$189,900
$108/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in East Marion was $189,900 in April 2024, up 3.3% from last year, and the median price per square foot was $108.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $24K | $55K | +129.2% |
2 Bedrooms | $74.5K | $74.5K | 0.0% |
3 Bedrooms | $185K | $189.9K | +2.6% |
4 Bedrooms | $279K | $259K | -7.2% |
5+ Bedrooms | $393.5K | $399.9K | +1.6% |
Summary: East Marion housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 129.2%, 2 bedroom homes did not change, 3 bedroom homes increased by 2.6%, 4 bedroom homes decreased by 7.2%, and 5+ bedroom homes increased by 1.6%.
Median Sold Price Compared To Nearby Cities
Marion | $155K | $177.1K | +14.3% |
East Marion | $183.9K | $189.9K | +3.3% |
West Marion | $159.9K | $164K | +2.5% |
Housing Supply in East Marion, IL
How many homes are available in East Marion, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
41 | 45 | +9.8% |
Summary: The East Marion real estate market had 45 homes for sale in April 2024, a 9.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 6 | 6 | 0.0% |
3 Bedrooms | 22 | 26 | +18.2% |
4 Bedrooms | 10 | 10 | 0.0% |
5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The East Marion housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 18.2%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
9 | 9 | 0.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in East Marion in April 2024, the same as the previous month. Of the 9 sold homes, 78% were sold under asking, 22% were sold at asking, and 0% were sold over asking.
Days on Market for East Marion, IL
How long does it take to sell a home in East Marion, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
20 Days | 31 Days | +51.2% |
Summary: Homes in East Marion had an average of 31 days on market in Apr 2024, up by 51.2% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 9 homes were sold in East Marion; 67% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.