$2,553 Closing Credit*
$215,000
1,079 SqFt
2 Beds
•2 Full Baths
Cathy Hill, Crs, Listing Office: SKOGMAN REALTY
Is Marion Township, IA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Marion Township has remained a Seller's Market.
Key Takeaway
Marion Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Marion Township, IA
How much do homes in Marion Township, IA cost?
Median Sold Price
$267,000
$138/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$20,350(+8.3%)
Key Takeaway
Homes in Marion Township have sold for 8.3% more than they did a year ago.
Summary: The median home sold price in Marion Township was $267,000 in October 2024, up 8.3% from last year, and the median price per square foot was $138.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $85K | $126.5K | +48.8% |
| 2 Bedrooms | $160.5K | $167.2K | +4.2% |
| 3 Bedrooms | $225K | $240K | +6.7% |
| 4 Bedrooms | $305K | $328K | +7.5% |
| 5+ Bedrooms | $435K | $479.9K | +10.3% |
Summary: Marion Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 48.8%, 2 bedroom homes increased by 4.2%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 7.5%, and 5+ bedroom homes increased by 10.3%.
Housing Supply in Marion Township, IA
How many homes are available in Marion Township, IA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 207 | 215 | +3.9% |
Summary: The Marion Township real estate market had 215 homes for sale in October 2024, a 3.9% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 1 | -66.7% |
| 2 Bedrooms | 37 | 40 | +8.1% |
| 3 Bedrooms | 82 | 84 | +2.4% |
| 4 Bedrooms | 53 | 52 | -1.9% |
| 5+ Bedrooms | 32 | 38 | +18.8% |
Summary: The Marion Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 66.7%, 2 bedroom homes increased by 8.1%, 3 bedroom homes increased by 2.4%, 4 bedroom homes decreased by 1.9%, and 5+ bedroom homes increased by 18.8%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 41 | 48 | +17.1% |
Asking Price vs. Sold Price
22 Homes Were Sold
Under Asking
21 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Marion Township, you may be able to get a good deal. 45.8% of homes here sold below asking price last month.
Summary: A total of 48 homes were sold or pending in Marion Township in October 2024, up by 17.1% month-over-month. Of the 48 sold homes, 46% were sold under asking, 44% were sold at asking, and 10% were sold over asking.
Days on Market for Marion Township, IA
How long does it take to sell a home in Marion Township, IA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 22 Days | 37 Days | +65.8% |
Summary: Homes in Marion Township had an average of 37 days on market in Oct 2024, up by 65.8% compared to last year.
Breakdown of Home Sale Times
32 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Marion Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 48 homes were sold in Marion Township; 67% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
Provided Courtesy Of Cedar Rapids Area Association of REALTORS®. 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. Information Is Believed To Be Accurate But Not Guaranteed.