Is Marion, MT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Marion was a Seller's Market.
Housing Prices in Marion, MT
How much do homes in Marion, MT cost?
Median Sold Price
$680,000
$401/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Marion was $680,000 in May 2024, up 12.7% from last year, and the median price per square foot was $401.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $225K | $640.3K | +184.6% |
2 Bedrooms | $535K | $745K | +39.3% |
3 Bedrooms | $733K | $695K | -5.2% |
4 Bedrooms | $750K | $520K | -30.7% |
5+ Bedrooms | $1.7M | $749K | -57.8% |
Summary: Marion housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 184.6%, 2 bedroom homes increased by 39.3%, 3 bedroom homes decreased by 5.2%, 4 bedroom homes decreased by 30.7%, and 5+ bedroom homes decreased by 57.8%.
Median Sold Price Compared To Nearby Cities
Kila | $580K | $720K | +24.1% |
Kalispell Southwest | $603.5K | $682.5K | +13.1% |
Marion | $603.5K | $680K | +12.7% |
Kalispell Northwest | $896K | $750K | -16.3% |
Housing Supply in Marion, MT
How many homes are available in Marion, MT?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
10 | 15 | +50.0% |
Summary: The Marion real estate market had 15 homes for sale in May 2024, a 50.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 2 | 3 | +50.0% |
3 Bedrooms | 7 | 9 | +28.6% |
4 Bedrooms | 0 | 0 | 0.0% |
5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Marion housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 28.6%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
0 | 2 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Marion in May 2024, up by 100.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Marion, MT
How long does it take to sell a home in Marion, MT?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
57 Days | 304 Days | +427.3% |
Summary: Homes in Marion had an average of 304 days on market in May 2024, up by 427.3% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 2 homes were sold in Marion; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.