Market Intelligence Report — IL-060

Marion-Herrin, IL

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

Ref. No: 2026-IL-07
As of the latest 2026 data
Stabilizing

Median Listing

$216K
-4.7% YoY

Pending Ratio

0.54
-23.3% YoY

Active Inventory

225
+26.4% YoY

Median DOM

56 Days
+17.9% YoY

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The Marion-Herrin market is currently stabilizing, with a pending ratio of 0.54 indicating balanced demand absorption relative to inventory. However, active listings have increased by 26.4% over the past year, alongside a 0.9% month-over-month rise in the median listing price.

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.

Over the past year, active listings expanded by 26.4% and new listings by 14.3%, signaling increased available supply. The median listing price registered a modest 0.9% month-over-month increase, though it is down 4.7% year-over-year. Median days on market lengthened by 17.9% compared to the prior year, suggesting a slower pace of transactions. Despite a positive month-over-month price movement, the year-over-year decline in median listing price and the reduction in pending ratio by 23.3% reflect a moderating market pace.

Historical Analysis

Market Trends

Median Price

$216K+0.9% MoM

Active Inventory

225+26.4% YoY

Days on Market

56+17.9% YoY

Sold Score™

55-23.3% YoY

Sold Score™ Over Time

Market liquidity index • 36 months

55
Aug 23Jul 26

Price & Days on Market

Median listing vs market velocity

Price DOM
Aug 23Jul 26

Inventory Dynamics

Total active listings vs new monthly supply

Active New listings
Aug 23Mar 24Oct 24May 25Dec 25Jul 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

With a pending ratio of 0.54, the market exhibits a more balanced dynamic, where supply and demand are in closer alignment. The significant year-over-year increase in active listings suggests less pressure for immediate transactions, allowing for greater price discipline. The expanding median days on market indicates that properties are taking longer to move from listing to contract.

Luxury Segment

The average listing price has increased by 3.9% over the past year, while the median listing price has declined by 4.7% over the same period. This divergence, alongside an average-to-median price spread of $58,435, suggests potential softness at higher price tiers within the market. Median price per square foot has seen a modest 2.6% year-over-year increase.

Supply Dynamics

225 active listings represent the current floor, with new supply arriving at roughly 80 per month.

Pricing Pressure
18.9%

of active listings carry a price reduction, -3.8% from prior period.

$/Sq Ft
$0K

Median price per square foot has moved +2.6% year-over-year.

Absorption
0.54

Pending-to-active ratio — Stabilizing.

Recommended For This Market

Stabilizing

Selling in Marion-Herrin, IL? Homes here are taking 8 days longer to sell than last year.

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

Buyer Demand Index
54%
Median Days on Market
56 days
Inventory YoY
+26%

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