4 hours on Rocket
$3,028 Closing Credit¹
#9981911, Heather Fields, Listing office: Matt Smith Realty
Marion Housing Market Report May 2025•Smyth County, Virginia
Housing Prices in Marion, VA
How much do homes in Marion, VA cost?
Housing Market Conditions
Is Marion, VA a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Marion is a Seller's Market
Difference Since May 2024
Since last year, Marion has remained a Seller's Market.
Insight
Marion is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
$196,250$125/SqFt
+$26,750
+15.8%
Based on all homes sold in the last 12 months
Insight
Homes in Marion have sold for 15.8% more than they did a year ago.
Summary: The median home sold price in Marion was $196,250 in May 2025, up 15.8% from last year, and the median price per square foot was $125.
Median Sold Price By Cities
| City | May 2024 | May 2025 | Change YoY |
|---|---|---|---|
| Atkins | $185.7K | $265K | +42.7% |
| Marion | $169.5K | $196.2K | +15.8% |
| Park | $158.2K | $180K | +13.7% |
| Royal Oak | $175K | $150K | -14.3% |
Median Sold Price By Bedrooms
| Beds | May 2024 | May 2025 | Change YoY |
|---|---|---|---|
| 11 Bedroom | $33.9K | - | N/A |
| 22 Bedrooms | $99.9K | $130K | +30.1% |
| 33 Bedrooms | $167K | $216K | +29.3% |
| 44 Bedrooms | $223.7K | $218.2K | -2.5% |
| 55+ Bedrooms | $215K | $275K | +27.9% |
Summary: Marion housing price by bedroom type for May 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes increased by +30.1%. The home price for 3 bedroom homes increased by +29.3%. The home price for 4 bedroom homes decreased by -2.5%. The home price for 5 bedroom homes increased by +27.9%.
How does Marion, VA compare with other places?
Market comparison tool
Data and numbers shown are subject to change and may vary based on different timeframes.
Marion, VA
Housing supply in Marion, VA
How many homes are available in Marion, VA?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 21Last MonthMay 2025 | ||
| 272 months agoApr 2025 | -22.2 % Change MoMApr – May |
Summary: The Marion real estate market had 21 homes for sale in May 2025, a 22.2 % decrease compared to Apr 2025.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 6Last MonthMay 2025 | ||
| 112 months agoApr 2025 | -45.5 % Change MoMApr – May |
Homes For Sale By Bedroom Count
| Beds | Apr 2025 | May 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 0 | 0 | 0.0% |
| 22 Bedrooms | 6 | 3 | -50.0% |
| 33 Bedrooms | 15 | 13 | -13.3% |
| 44 Bedrooms | 3 | 4 | +33.3% |
| 55+ Bedrooms | 3 | 1 | -66.7% |
Summary: Marion housing inventory by bedroom type for May 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes decreased by -50.0%. The inventory for 3 bedroom homes decreased by -13.3%. The inventory for 4 bedroom homes increased by +33.3%. The inventory for 5 bedroom homes decreased by -66.7%.
Asking Price vs. Sold Price
How much do homes in Marion, VA cost?
Over Asking Price3 Homes
At Asking Price1 Home
Under Asking Price2 Homes
Insight
If you're buying a home in Marion, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in Marion in May 2025, down by 45.5% month-over-month. Of the 6 sold homes, 33% were sold under asking, 17% were sold at asking, and and 50% were sold over asking.
Days on Market for Marion, VA
How long does it take to sell a home in Marion, VA?
Breakdown of Home Sale Times
Under 30 Days1 Home
30 – 90 Days5 Homes
Over 90 Days0 Home
Insight
Avg time on Rocket Homes in Marion has remained consistent over time.
Summary: During May 2025, 6 homes were sold in Marion; 17% of homes were sold within 30 days, 83% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 47 DaysThis YearMay 2025 | ||
| 142 Days1 year agoMay 2024 | -66.7 % Change YoYMay 2024 – May 2025 |
Summary: Homes in Marion had an average listing age of 47 days in May 2025, down by 66.7% compared to the previous year.
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Newest Listings in Marion, VA
What homes are available in Marion, VA?
4 days on RocketBackup offers
$2,779 Closing Credit¹
#99350, Terri Morphew Blevins, Listing office: Deer Valley Realty Inc
4 days on Rocket
$2,719 Closing Credit¹
#9981690, Joe Robinson, Dave Prater, Listing office: Highlands Realty Bristol
7 days on RocketBackup offers
$4,881 Closing Credit¹
#99296, Vickie Stamper, Listing office: Appalachian Realty Co.
Backup offers
$2,256 Closing Credit¹
#99924, Crystal Anders, Listing office: Uptown Properties LLC
$3,086 Closing Credit¹
#100081, Thad Combs, Listing office: Matt Smith Realty
Backup offers
$7,113 Closing Credit¹
#99841, Vickie Stamper, Listing office: Appalachian Realty Co.
$2,494 Closing Credit¹
#9981046, Shawn Banks, Lori Fletcher, Listing office: Property Executives Johnson City, Conservus Homes
#9980813, Brenda Thompson, Listing office: eXp Realty VA
$1,841 Closing Credit¹
#99919, Rebecca Sawyers, Listing office: Appalachian Realty Co.
Backup offersTour
$2,375 Closing Credit¹
#99636, Pamela G Montgomery, Listing office: BHHS- Mountain Sky Properties, Wytheville
$1,461 Closing Credit¹
#99610, Josiah Gates, Listing office: Highlands Realty, Inc. Marion
Nearby markets
Nearby markets aren't available for Marion, VA
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MLS Disclaimers and Copyright
Based on information from Southwest Virginia Association of REALTORS® MLS, and Tennessee Virginia Regional MLS for the period 06/01/2023 - 06/01/2025
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange (IDX) of the SW VA Association of REALTORS® Multiple Listing Service. The SWVAR IDX logo indicates listings of other real estate firms that are identified in the detailed listing information. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information herein is deemed reliable but not guaranteed, representations are approximate, individual verifications are recommended. Copyright 2025 Southwest Virginia Association of REALTORS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/19/2025, 11:45:36 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/19/2025, 11:45:36 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Tennessee Virginia Regional MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than this brokerl, are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor this broker shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
Copyright© 2025 Tennessee Virginia Regional MLS. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/19/2025, 11:40:32 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Copyright© 2025 Tennessee Virginia Regional MLS. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/19/2025, 11:40:32 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.