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
$159,999
$114/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 $159,999 in May 2024, up 5.3% from last year, and the median price per square foot was $114.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $27.5K | $72K | +161.8% |
2 Bedrooms | $108K | $119.2K | +10.4% |
3 Bedrooms | $146.5K | $154.2K | +5.3% |
4 Bedrooms | $218K | $219.7K | +0.8% |
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 10.4%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 0.8%, and 5+ bedroom homes decreased by 25.4%.
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 |
---|---|---|
171 | 175 | +2.3% |
Summary: The Marion Township real estate market had 175 homes for sale in May 2024, a 2.3% 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 | 29 | 24 | -17.2% |
3 Bedrooms | 87 | 96 | +10.3% |
4 Bedrooms | 44 | 46 | +4.5% |
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 17.2%, 3 bedroom homes increased by 10.3%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes decreased by 10%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
51 | 52 | +2.0% |
Asking Price vs. Sold Price
23 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
21 Homes Were Sold
Over Asking
Summary: A total of 52 homes were sold or pending in Marion Township in May 2024, up by 2.0% month-over-month. Of the 52 sold homes, 44% were sold under asking, 15% 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 | 35 Days | +12.4% |
Summary: Homes in Marion Township had an average of 35 days on market in May 2024, up by 12.4% compared to last year.
Breakdown of Home Sale Times
31 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, 52 homes were sold in Marion Township; 60% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.