Is Marion, IL 62959 a buyer’s or seller’s market?
Marion is a balanced market. With about 4.4 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
More competitive than 38% of U.S. ZIP codes, and #423 of 464 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Marion housing market right now
In the three months ending August 31, 2026, 26% of homes in Marion, IL 62959 sold above their list price, the typical home went under contract in 57 days and there were 4.4 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 101 home sales.
Compared with the same period a year earlier, the share selling over asking was about the same (24% then), homes sold faster (60 days then) and the median sale price rose 8% to $229,901. Overall, Marion is about as competitive as it was a year ago.
Within Williamson County, homes here sell faster than in 63% of the county’s ZIP codes, and sell more often over asking than in 88%. On our competition score, Marion ranks #423 of 464 IL ZIP codes with enough sales (score 39 out of 100).
Nearby, buyers who want less competition could look at Pittsburg 62974 (0% sold over asking) or Hurst 62949 (0% sold over asking), while Carbondale 62902 (38% sold over asking) is even more competitive.
Run the numbers for 62959
Nearby markets
Carbondale 62902Buyer’s market $112 /sq ftCarterville 62918Balanced $135 /sq ftCreal Springs 62922Buyer’s market $202 /sq ftEnergy 62933Seller’s market $51 /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 balanced market: there were 4.4 months of supply in Marion, IL 62959 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 57 days in the latest three months.
Do homes in Marion sell over asking?
26% of homes sold above their original list price, and the typical sale closed at 97.9% of the list price.
What are property taxes in Marion?
About 1.72% of a home’s value a year in Williamson County, or roughly $6,880 on a $400,000 home.
What is the median home price in Marion?
The median sale price was $229,901 in the three months ending August 31, 2026, about $138 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