Is Marion, LA 71260 a buyer’s or seller’s market?
Marion is a balanced market. With about 4.8 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
The Marion housing market right now
In the three months ending August 31, 2026, 50% of homes in Marion, LA 71260 sold above their list price, the typical home went under contract in 71 days and there were 4.8 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. With only 2 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking rose from 0%, homes sold faster (83 days then) and the median sale price rose 3% to $102,506. Overall, Marion is more competitive than a year ago, so tougher for buyers.
Within Union Parish, homes here sell more slowly than in 67% of the county’s ZIP codes, and sell more often over asking than in any other ZIP code in the county.
Nearby, buyers who want less competition could look at Spearsville 71277 (0% sold over asking) or Lillie 71256 (0% sold over asking).
Run the numbers for 71260
Nearby markets
Bernice 71222Buyer’s market $165 /sq ftDownsville 71234Seller’s market $117 /sq ftFarmerville 71241Balanced $145 /sq ftLillie 71256Seller’s market $59 /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 4.8 months of supply in Marion, LA 71260 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 71 days in the latest three months.
Do homes in Marion sell over asking?
50% of homes sold above their original list price, and the typical sale closed at 86.4% of the list price.
What are property taxes in Marion?
About 0.46% of a home’s value a year in Union Parish, or roughly $1,840 on a $400,000 home.
What is the median home price in Marion?
The median sale price was $102,506 in the three months ending August 31, 2026, about $47 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