Marion, Ohio Real Estate Market Review (February 12, 2024)

 

Overall: The Marion real estate market is currently balanced, meaning there's roughly equal supply and demand for housing. This can be seen as a positive for both buyers and sellers.

 

Here's a breakdown of some key points:

 

Prices:

 

  • Median sale price: $135,000 (Redfin, December 2023) - $170,000 (Realtor.com, December 2023)
  • Year-over-year growth: 19.4% (Redfin) - 16.4% (Realtor.com)
  • Price per square foot: $100 (Redfin) - $113 (Realtor.com)
  • Sale-to-list ratio: 99.1% (Realtor.com) - indicating homes are selling close to asking price.

 

Market conditions:


  • Somewhat competitive: Homes typically spend around 43 days on the market before selling.
  • Balanced inventory: Neither buyers nor sellers have a clear advantage.

 

Additional factors:

 

  • Interest rates: Rising interest rates may cool down the market in the future.
  • Local economy: Marion's economy is somewhat reliant on manufacturing, which could impact the market indirectly.

 

Resources:

 

 

Disclaimer: This information is based on publicly available data and may not be completely accurate. It's recommended to consult with a local real estate agent for the most up-to-date insights and guidance specific to your needs.

 I hope this review provides a helpful overview of the Marion real estate market. If you have any further questions, feel free to ask!


Christine Hinton, EXP Realty, 614-323-0747, chinton@columbushouseteam.com

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