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Featured local agent — Marion, IN
Sarah Mitchell
Compass Real Estate · Marion, IN
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Marion, IN Housing Market & Real Estate
Housing market overview · Updated monthly ·
$142,500median sale price
How is the Marion, IN housing market right now?
The median home sale price in Marion, IN is $142,500, up 20.8% year-over-year. Homes sell in an average of 41 days with 96 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, IN is currently a balanced market, based on 3.1 months of supply and homes selling in about 41 days. How we determine this →
Homes sold
31
Last 12 weeks
Days on market
41
Average pace
Active listings
96
3.1 months supply
Sale-to-list
96.2%
Below asking
What does the Marion housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $142,500 |
| Median list price | $123,700 |
| Year-over-year price change | +20.8% |
| Average days on market | 41 days |
| Active inventory | 96 listings |
| Months of supply | 3.1 months |
| Sale-to-list price ratio | 96.2% |
| Median price per sq ft | $98/sq ft |
| Homes sold (latest month) | 31 |
| New listings (latest month) | 44 |
| Listings with a price cut | 42.7% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Marion by property type?
How the Marion, IN market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $142,500 | $95/sq ft | 27 | 48 days |
| Condo / Co-op | $173,000 | $138/sq ft | 2 | 21 days |
Source: Redfin · Updated monthly
The Marion housing market is currently classified as a balanced market with a median sale price of $142,500. Prices have risen 20.8% compared to last year, with homes spending an average of 41 days on market, indicating 3.1 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 1.4x provides context for how home values compare to local earning capacity.
Homes for sale in Marion
There are currently 96 homes listed for sale in Marion, Indiana. The median listing price is $124K.
Active listings
96
Homes on market
Median list price
$124K
Avg. days on market
41
Days until sale
New this week
44
Newly listed
Who lives in Marion?
Population
361
Median income
$98,144/yr
Median age
45.8 years
Owner-occupied
67.3%
College grads
16.8%
Avg commute
32.3 min
Source: U.S. Census Bureau ACS
What are homes worth in Marion?
Zillow home value
$140,772
Zillow rent index
$913/mo
Price-to-rent ratio
12.8x
Price-to-income
1.4x
Source: Zillow Research
What is it like to live in Marion?
Marion is a community of approximately 0K residents with a median age of 45.8 years.The median household income is $98,144, which reflects a relatively affluent area with strong earning potential. 16.8% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 67.3%, reflecting strong community stability and long-term resident commitment. The average commute time is 32.3 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, Marion offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Marion?
11 schools tracked · 4,566 students
The largest public schools serving Marion, IN 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 · 1,052 students
Justice Thurgood Marshall Intrmd
Grades 5-6 · 510 students
Eastbrook High School
Grades 9-12 · 506 students
John L McCulloch Junior High Sch
Grades 7-8 · 499 students
Frances Slocum Elem School
Grades PK-4 · 462 students
Allen Elementary School
Grades PK-4 · 405 students
Eastbrook Middle School
Grades 6-8 · 388 students
John W Kendall Elem School
Grades PK-4 · 376 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, IN?
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 12.8x suggests potential rental yield opportunity, making the market attractive for income-focused investors. The market has appreciated 20.8% 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 $142,500, up 20.8% from last year.
How long do homes stay on market in Marion?
Homes typically spend 41 days on market before going under contract.
What is the median income in Marion?
The median household income is $98,144 per year.
Is Marion a buyer's or seller's market?
With 3.1 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 $140,772, 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, IN is $173,000, compared to $142,500 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, IN is $142,500 (about $95 per square foot).
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