Marion, SD Foreclosures
How much do homes sell for in Marion, SD?
The average home price is currently $309,396.
What’s the average rental cost in Marion, SD?
The average rental price in Marion is $1,098.
What is the most expensive home in Marion?
The most expensive home sold in Marion had a price of $1,736,619.
What is currently the cheapest priced home in Marion, SD?
The cheapest home for sale in Marion is priced at $24,498.
Living in Marion, SD
Marion, South Dakota, is a small, charming community known for its friendly atmosphere and strong sense of community. Nestled in a picturesque rural setting, Marion offers a peaceful lifestyle with easy access to outdoor activities and recreational opportunities. The town takes pride in its local schools, making it an appealing choice for families looking for a wholesome environment.
Current Market Conditions in Marion, SD
The current real estate market in Marion, SD, is witnessing steady demand, particularly from families and retirees looking for affordable housing in a peaceful environment. The average home price is on the rise, thanks to the area's attractiveness for new residents. Local buyers typically seek single-family homes that accommodate their desire for space and attach importance to community living.
Marion has seen a slight increase in housing transactions over the past few months. The competition among buyers is noticeable, with many homes receiving multiple offers. Investors are gradually supporting the market, contributing to its vibrancy and ongoing improvements to housing stock. Buyers are encouraged to act quickly when listings become available, as properties tend to sell faster than in previous years.
Home Value Estimator For Marion, SD
There are currently 593 real estate properties
in Marion, SD,
with a median automated valuation model (AVM) price
of $250,619.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Marion, SD, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Marion, SD,
is $309,396.00, with the most expensive house
in Marion, SD, topping out
at $1,736,619.00 and the cheapest home
in Marion, SD,
clocking in at $24,498.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Marion, SD!
Rent Prices
In Marion, SD
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Marion, SD, is on
a rollercoaster ride. The
average rent price in Marion, SD,
is $1,098.00. Indeed, when looking to rent in
Marion, SD, you can expect to pay as little
as $550.00 or as much
as $2,220.00,
with the average rent median estimated to
be $1,070.00. The good news is that finding
an affordable and desirable property to rent in Marion, SD
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
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