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Featured local agent — Marion, IL
Sarah Mitchell
Compass Real Estate · Marion, IL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Marion, IL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$252,513median sale price
How is the Marion, IL housing market right now?
The median home sale price in Marion, IL is $252,513, up 20.2% year-over-year. Homes sell in an average of 45 days with 73 active listings. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Marion a buyer's or seller's market?
Marion, IL is currently a balanced market, based on 4.6 months of supply and homes selling in about 45 days. How we determine this →
Homes sold
16
Last 12 weeks
Days on market
45
Average pace
Active listings
73
4.6 months supply
Sale-to-list
98.9%
Below asking
What does the Marion housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $252,513 |
| Median list price | $219,950 |
| Year-over-year price change | +20.2% |
| Average days on market | 45 days |
| Active inventory | 73 listings |
| Months of supply | 4.6 months |
| Sale-to-list price ratio | 98.9% |
| Median price per sq ft | $133/sq ft |
| Homes sold (latest month) | 16 |
| New listings (latest month) | 30 |
| Listings with a price cut | 28.8% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Marion by property type?
How the Marion, IL market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $280,000 | $134/sq ft | 15 | 44 days |
| Condo / Co-op | $200,000 | $141/sq ft | 1 | 58 days |
| Townhouse | $159,900 | $165/sq ft | 1 | 189 days |
Source: Redfin · Updated monthly
The Marion housing market is currently classified as a balanced market with a median sale price of $252,513. Prices have risen 20.2% compared to last year, with homes spending an average of 45 days on market, indicating 4.6 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 3.2x provides context for how home values compare to local earning capacity.
Market trends
Homes for sale in Marion
There are currently 73 homes listed for sale in Marion, Illinois. The median listing price is $220K.
Active listings
73
Homes on market
Median list price
$220K
Avg. days on market
45
Days until sale
New this week
30
Newly listed
Who lives in Marion?
Population
16,796
Median income
$57,281/yr
Median age
40.4 years
Owner-occupied
62.2%
College grads
27.4%
Avg commute
21.9 min
Source: U.S. Census Bureau ACS
What are homes worth in Marion?
Zillow home value
$182,362
Zillow rent index
$1,081/mo
Price-to-rent ratio
14.1x
Price-to-income
3.2x
Source: Zillow Research
What is it like to live in Marion?
Marion is a community of approximately 17K residents with a median age of 40.4 years.The median household income is $57,281, which represents a working-class community with solid middle-income opportunities. 27.4% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 62.2%, showing a blend of owner and renter-occupied properties. The average commute time is 21.9 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Marion offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Marion?
10 schools tracked · 3,863 students
The largest public schools serving Marion, IL by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Marion High School
Grades 9-12 · 1,105 students
Marion Jr High School
Grades 6-8 · 704 students
Lincoln Elem School
Grades K-5 · 493 students
Washington Elem School
Grades K-5 · 479 students
Crab Orchard Elementary School
Grades PK-8 · 345 students
Jefferson Elem School
Grades PK-5 · 344 students
Longfellow Elem School
Grades K-5 · 252 students
Crab Orchard High School
Grades 9-12 · 141 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Marion, IL?
Want a head-to-head view? Compare Marion side-by-side with any other U.S. city using our market-comparison tool.
Is Marion a good real estate investment market?
For investors evaluating Marion, the price-to-rent ratio of 14.1x suggests potential rental yield opportunity, making the market attractive for income-focused investors. The market has appreciated 20.2% year-over-year, reflecting ongoing demand and value growth.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Marion's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Marion's median home price.
Frequently asked questions
What is the average home price in Marion?
The median home sale price in Marion is $252,513, up 20.2% from last year.
How long do homes stay on market in Marion?
Homes typically spend 45 days on market before going under contract.
What is the median income in Marion?
The median household income is $57,281 per year.
Is Marion a buyer's or seller's market?
With 4.6 months of supply, Marion is currently a balanced market.
What is the Zillow home value estimate for Marion?
The Zillow Home Value Index (ZHVI) for Marion is $182,362, representing the typical home value in the area.
What is the median condo price in Marion?
The median condo/co-op sale price in Marion, IL is $200,000, compared to $280,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Marion?
The median single-family home price in Marion, IL is $280,000 (about $134 per square foot).
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