Is Marion County, OR 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, Marion County has remained a Seller's Market.
Housing Prices in Marion County, OR
How much do homes in Marion County, OR cost?
Median Sold Price
$440,303
$274/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Marion County was $440,303 in April 2024, up 0.1% from last year, and the median price per square foot was $274.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $281.5K | $300K | +6.6% |
2 Bedrooms | $325K | $329.9K | +1.5% |
3 Bedrooms | $429.5K | $429.4K | 0% |
4 Bedrooms | $513.4K | $495.1K | -3.6% |
5+ Bedrooms | $539.7K | $610K | +13.0% |
Summary: Marion County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.6%, 2 bedroom homes increased by 1.5%, 3 bedroom homes did not change, 4 bedroom homes decreased by 3.6%, and 5+ bedroom homes increased by 13%.
Median Sold Price Compared To Nearby Counties
Yamhill County | $474.9K | $480.4K | +1.2% |
Linn County | $395.6K | $400K | +1.1% |
Clackamas County | $606.5K | $610.5K | +0.7% |
Marion County | $439.9K | $440.3K | 0.1% |
Polk County | $473.6K | $444.3K | -6.2% |
Housing Supply in Marion County, OR
How many homes are available in Marion County, OR?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
553 | 603 | +9.0% |
Summary: The Marion County real estate market had 603 homes for sale in April 2024, a 9.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 7 | +16.7% |
2 Bedrooms | 89 | 94 | +5.6% |
3 Bedrooms | 273 | 297 | +8.8% |
4 Bedrooms | 146 | 165 | +13.0% |
5+ Bedrooms | 39 | 40 | +2.6% |
Summary: The Marion County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.7%, 2 bedroom homes increased by 5.6%, 3 bedroom homes increased by 8.8%, 4 bedroom homes increased by 13%, and 5+ bedroom homes increased by 2.6%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
125 | 129 | +3.2% |
Asking Price vs. Sold Price
40 Homes Were Sold
Under Asking
49 Homes Were Sold
At Asking
40 Homes Were Sold
Over Asking
Summary: A total of 129 homes were sold or pending in Marion County in April 2024, up by 3.2% month-over-month. Of the 129 sold homes, 31% were sold under asking, 38% were sold at asking, and 31% were sold over asking.
Days on Market for Marion County, OR
How long does it take to sell a home in Marion County, OR?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
39 Days | 33 Days | -16.0% |
Summary: Homes in Marion County had an average of 33 days on market in Apr 2024, down by 16% compared to last year.
Breakdown of Home Sale Times
95 Homes Were Sold
Under 30 Days
19 Homes Were Sold
In 30 - 90 Days
15 Homes Were Sold
Over 90 Days
Summary: During April 2024, 129 homes were sold in Marion County; 74% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.