📊 Marion County Real Estate Market Snapshot:
What the Numbers Are Telling Us

Whether you’re buying, selling, or just keeping an eye on the market, staying up-to-date with the latest trends is key. Here's a breakdown of the current real estate landscape for Marion County, including insights by price segment and strategic tips for both buyers and sellers.

🔍 Overall Market Insights

• Average Days on Market (DOM): Homes are taking about 85 days to sell, on average. While this isn’t lightning-fast, it reflects a market that’s moving steadily.

• Prices: Active listings are currently averaging around $561,937, while the average sold price over the past six months is approximately $449,826.

• Pending Ratio: At 56%, this metric shows a moderate level of buyer activity compared to the number of active listings.

• Inventory & Supply: With 1,102 active listings and 622 pending, the county is sitting at roughly 2.9 months of supply—a sign of a fairly balanced market.

💰 Market by Price Segment

🔹 0–500K Segment:

• Pending Ratio: 67% – the most active segment by far.

• DOM: 80 days on average.

• Months of Supply: Just 2.1 – pointing to high demand and limited inventory.

• Takeaway: Homes in this range are moving quickly, and competition is strong.

🔹 500K–1M Segment:

• Pending Ratio: 46%

• DOM: 83 days

• Months of Supply: 4.4 – a bit more inventory here, making for a slower pace.

• Takeaway: Still a solid market, but buyers have a little more breathing room.

🔹 1M+ Segment:

• Pending Ratio: 34%

• DOM: 134 days – the slowest-moving category.

• Months of Supply: A whopping 14.7, suggesting a clear buyer’s market.

• Takeaway: Luxury homes are taking longer to sell, with more room for negotiation.

📈 Recent Trends to Watch

• Sales-to-List Price Ratios: Most homes are selling for around 99% of their final list price, indicating that sellers are pricing smart.

• Inventory Trends: Months of supply has inched up from 2.9 to 3.1, a subtle shift toward increased inventory and slightly more leverage for buyers.

💡 Strategic Advice

For Sellers:

• 0–500K Range: Now’s a great time to list—homes are moving quickly and demand is high.

• 500K+ Range: Be prepared for longer market times. Consider strategic pricing and strong marketing to attract buyers in a more competitive landscape.

For Buyers:

• High-End Market: There’s opportunity here. With more inventory and longer DOM, buyers may have room to negotiate.

• Lower Price Points: Be ready to act fast—homes are flying off the shelves in this segment. Have your financing ready and keep a sharp eye on new listings.

The market continues to offer a mix of opportunities and challenges depending on your price point and goals. Whether you're buying or selling, understanding these trends will help you navigate the market with confidence.

Want personalized advice for your situation? Reach out—we're happy to help you strategize for success! Because when you're ready -- we will be too!