Is Marion Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Marion Township has remained a Seller's Market.
Housing Prices in Marion Township, IL
How much do homes in Marion Township, IL cost?
Median Sold Price
$192,000
$107/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Summary: The median home sold price in Marion Township was $192,000 in April 2024, up 0.7% from last month, and the median price per square foot was $107.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $88.8K | $123K | +38.5% |
3 Bedrooms | $199.9K | $157.2K | -21.3% |
4 Bedrooms | $288K | $387K | +34.4% |
5+ Bedrooms | - | $342.5K | N/A |
Summary: Marion Township housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 38.5%, 3 bedroom homes decreased by 21.3%, 4 bedroom homes increased by 34.4%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Marion Township | $190.7K | $192K | +0.7% |
Amboy | $380K | $119.9K | -68.4% |
Amboy Township | $380K | $119.9K | -68.4% |
Housing Supply in Marion Township, IL
How many homes are available in Marion Township, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
113 | 113 | 0.0% |
Summary: The Marion Township real estate market had 113 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 17 | 18 | +5.9% |
3 Bedrooms | 62 | 68 | +9.7% |
4 Bedrooms | 26 | 21 | -19.2% |
5+ Bedrooms | 7 | 6 | -14.3% |
Summary: The Marion Township 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 increased by 5.9%, 3 bedroom homes increased by 9.7%, 4 bedroom homes decreased by 19.2%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
24 | 27 | +12.5% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 27 homes were sold or pending in Marion Township in April 2024, up by 12.5% month-over-month. Of the 27 sold homes, 67% were sold under asking, 11% were sold at asking, and 22% were sold over asking.
Days on Market for Marion Township, IL
How long does it take to sell a home in Marion Township, IL?
Average Sale Time
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
27 Days | 33 Days | +21.2% |
Summary: Homes in Marion Township had an average of 33 days on market in Apr 2024, up by 21.2% compared to last month.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 27 homes were sold in Marion Township; 63% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.