Market Intelligence Report — IL-060

Marion-Herrin, IL

Monthly housing intelligence, market trends, and trusted local expertise.

Ref. No: 2026-IL-08
As of the latest 2026 data
Cooling

Median Listing

$213K
-3.0% YoY

Pending Ratio

0.48
-19.7% YoY

Active Inventory

231
+29.0% YoY

Median DOM

61 Days
+5.2% YoY

Primary Intelligence Tool — Sold Score™

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The Marion-Herrin, IL market is currently cooling, characterized by a pending ratio of 0.48 and a significant increase in active listings. Active listings have expanded by 29.0% year-over-year, indicating a substantial recalibration of supply relative to demand.

Local Market Signals

Source: FRED (St. Louis Fed)

Local economic trends can influence how quickly homes sell and how much competition sellers may face.

Local economic indicators are not yet available for this metro. Check back soon.
Market Analysis

What's moving the Marion-Herrin market right now.

Supply expansion is notable, with active listings rising by 29.0% over the past year. Concurrently, new listings have decreased by 18.2% year-over-year, suggesting a cautious approach from potential sellers. Demand indicators reflect this shift, as the pending ratio declined by 19.7% year-over-year to 0.48, and the share of price-reduced properties increased by 5.1% over the past year.

Historical Analysis

Market Trends

Median Price

$213K-1.7% MoM

Active Inventory

231+29.0% YoY

Days on Market

61+5.2% YoY

Sold Score™

50-19.7% YoY

Sold Score™ Over Time

Market liquidity index • 36 months

50
Sep 23Aug 26

Price & Days on Market

Median listing vs market velocity

Price DOM
Sep 23Aug 26

Inventory Dynamics

Total active listings vs new monthly supply

Active New listings
Sep 23Apr 24Nov 24Jun 25Jan 26Aug 26

Sourced from Realtor.com RDC Inventory Core Metrics, supplemented by the Primpted research desk. Updated As of the latest 2026 data.

Market Signals & Indicators

Negotiating Leverage

The expansion of active inventory and the moderation in the pending ratio suggest a market where the pace of transactions is decelerating. Increased supply allows for greater selectivity, potentially leading to more deliberate pricing strategies. Negotiating leverage is shifting as properties spend longer on the market, with median days on market rising by 5.2% over the past year.

Luxury Segment

The average listing price increased by 5.9% year-over-year, outpacing the median listing price which declined by 3.0% year-over-year. This divergence, alongside a 2.5% year-over-year increase in median $/sqft, suggests resilience or increased activity in higher price tiers despite overall market cooling. The average-to-median price spread indicates some bifurcation in market performance at different price points.

Supply Dynamics

231 active listings represent the current floor, with new supply arriving at roughly 72 per month.

Pricing Pressure
22.4%

of active listings carry a price reduction, +5.1% from prior period.

$/Sq Ft
$0K

Median price per square foot has moved +2.5% year-over-year.

Absorption
0.48

Pending-to-active ratio — Cooling.

Recommended For This Market

Cooling

Selling in Marion-Herrin, IL? Inventory is up 29% from last year.

Marion-Herrin, IL is sitting near equilibrium. Preparation, pricing and timing decide whether a listing sells fast or lingers.

Buyer Demand Index
48%
Median Days on Market
61 days
Inventory YoY
+29%

Marion-Herrin, IL is balanced, so preparation decides the outcome. Your Sold Score shows where you stand today.

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Metro Demographics

Metro Area
Marion-Herrin, IL
CBSA Code
32060
State
IL
Analysis FAQ
  • What is the current market condition in Marion-Herrin?+

    As of the latest 2026 data, the Marion-Herrin metro is classified as Cooling. Pending ratio is 0.48 with median days on market at 61.

  • Are home prices dropping in Marion-Herrin?+

    Median listing price is $213K, -3.0% year over year. 22.4% of active listings carry a price reduction.

  • How fast are homes selling in Marion-Herrin?+

    The typical listing sits 61 days on market, a +5.2% change YoY. New listings are arriving at 72 per month.

  • What's happening in the Marion-Herrin luxury market?+

    The average listing price increased by 5.9% year-over-year, outpacing the median listing price which declined by 3.0% year-over-year. This divergence, alongside a 2.5% year-over-year increase in median $/sqft, suggests resilience or increased activity in higher price tiers despite overall market cooling. The average-to-median price spread indicates some bifurcation in market performance at different price points.

  • Where can I find a trusted Marion-Herrin real estate expert?+

    Primpted maintains a vetted registry of Marion-Herrin agents with verified credentials, Google reviews, and neighborhood specialization. See the Featured Experts section above.

Data & Methodology

Primary data sourced via Realtor.com's RDC Inventory Core Metrics (CBSA-level), supplemented by editorial analysis and the Primpted local expert registry. Historical trends calculated on a rolling 12-month basis. Past direction is not a forecast.

As of the latest 2026 data · CBSA 32060 · 36mo history