Is Marion, SD 57043 a buyer’s or seller’s market?
Marion is a seller’s market. With about 3.2 months of supply and 0% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
The Marion housing market right now
In the three months ending August 31, 2026, 0% of homes in Marion, SD 57043 sold above their list price, the typical home went under contract in 118 days and there were 3.2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 4 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold more slowly (9 days then) and the median sale price rose 182% to $183,421. Overall, Marion is less competitive than a year ago, which gives buyers more room.
Within Turner County, homes here sell more slowly, and less often over asking, than in any other ZIP code in the county.
Nearby, Parker 57053 (100% sold over asking) and Hurley 57036 (33% sold over asking) are even more competitive.
Run the numbers for 57043
Nearby markets
Centerville 57014Seller’s market $139 /sq ftChancellor 57015 — /sq ftDavis 57021 — /sq ftHurley 57036Seller’s market $140 /sq ft Browse all markets →Towns like Marion nearby
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Questions about Marion real estate
Is Marion a buyer’s or seller’s market?
A seller’s market: there were 3.2 months of supply in Marion, SD 57043 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Marion?
The typical home went under contract in 118 days in the latest three months.
Do homes in Marion sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 82.8% of the list price.
What are property taxes in Marion?
About 0.98% of a home’s value a year in Turner County, or roughly $3,920 on a $400,000 home.
What is the median home price in Marion?
The median sale price was $183,421 in the three months ending August 31, 2026, about $81 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology