Is West 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, West Marion has remained a Seller's Market.
Housing Prices in West Marion, IL
How much do homes in West Marion, IL cost?
Median Sold Price
$164,000
$101/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in West Marion was $164,000 in April 2024, up 2.5% from last year, and the median price per square foot was $101.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $85K | $184K | +116.5% |
2 Bedrooms | $79K | $92K | +16.5% |
3 Bedrooms | $158.5K | $160K | +0.9% |
4 Bedrooms | $223K | $267.5K | +20.0% |
5+ Bedrooms | $350K | $485K | +38.6% |
Summary: West Marion housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 116.5%, 2 bedroom homes increased by 16.5%, 3 bedroom homes increased by 0.9%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 38.6%.
Housing Supply in West Marion, IL
How many homes are available in West Marion, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
51 | 47 | -7.8% |
Summary: The West Marion real estate market had 47 homes for sale in April 2024, a 7.8% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 10 | 10 | 0.0% |
3 Bedrooms | 29 | 30 | +3.4% |
4 Bedrooms | 10 | 6 | -40.0% |
5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The West Marion housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 3.4%, 4 bedroom homes decreased by 40%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
15 | 11 | -26.7% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in West Marion in April 2024, down by 26.7% month-over-month. Of the 11 sold homes, 64% were sold under asking, 0% were sold at asking, and 36% were sold over asking.
Days on Market for West Marion, IL
How long does it take to sell a home in West Marion, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
39 Days | 27 Days | -29.4% |
Summary: Homes in West Marion had an average of 27 days on market in Apr 2024, down by 29.4% compared to last year.
Breakdown of Home Sale Times
8 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, 11 homes were sold in West Marion; 73% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.