Is East Marion, IL 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, 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
$190,000
$109/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in East Marion was $190,000 in May 2024, up 6.7% from last year, and the median price per square foot was $109.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $24K | $55K | +129.2% |
2 Bedrooms | $74K | $75K | +1.4% |
3 Bedrooms | $185K | $189.9K | +2.7% |
4 Bedrooms | $279K | $260.5K | -6.6% |
5+ Bedrooms | $399.9K | $425K | +6.3% |
Summary: East Marion housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 129.2%, 2 bedroom homes increased by 1.4%, 3 bedroom homes increased by 2.7%, 4 bedroom homes decreased by 6.6%, and 5+ bedroom homes increased by 6.3%.
Median Sold Price Compared To Nearby Cities
Marion | $150K | $180K | +20.0% |
East Marion | $178K | $190K | +6.7% |
West Marion | $157.7K | $165K | +4.6% |
Housing Supply in East Marion, IL
How many homes are available in East Marion, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
45 | 52 | +15.6% |
Summary: The East Marion real estate market had 52 homes for sale in May 2024, a 15.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 5 | 5 | 0.0% |
3 Bedrooms | 28 | 34 | +21.4% |
4 Bedrooms | 10 | 10 | 0.0% |
5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The East Marion housing inventory by bedroom type for May 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 21.4%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
9 | 14 | +55.6% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 14 homes were sold or pending in East Marion in May 2024, up by 55.6% month-over-month. Of the 14 sold homes, 50% were sold under asking, 21% were sold at asking, and 29% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
15 Days | 16 Days | +11.0% |
Summary: Homes in East Marion had an average of 16 days on market in May 2024, up by 11% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 14 homes were sold in East Marion; 64% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.