$3,763 Closing Credit*
$316,900
1,988 SqFt
3 Beds
•3 Full Baths, 1 Partial
Rhyse Pelley, Listing Office: Twenty40 Real Estate + Development
Is Marion Township, IA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 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
$272,361
$139/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$27,361(+11.2%)
Key Takeaway
Homes in Marion Township have sold for 11.2% more than they did a year ago.
Summary: The median home sold price in Marion Township was $272,361 in September 2024, up 11.2% from last year, and the median price per square foot was $139.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $69.4K | $110.5K | +59.2% |
| 2 Bedrooms | $160K | $169.9K | +6.2% |
| 3 Bedrooms | $226.1K | $237.8K | +5.2% |
| 4 Bedrooms | $290K | $332K | +14.5% |
| 5+ Bedrooms | $435K | $485.5K | +11.6% |
Summary: Marion Township housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 59.2%, 2 bedroom homes increased by 6.2%, 3 bedroom homes increased by 5.2%, 4 bedroom homes increased by 14.5%, and 5+ bedroom homes increased by 11.6%.
Housing Supply in Marion Township, IA
How many homes are available in Marion Township, IA?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 220 | 198 | -10.0% |
Summary: The Marion Township real estate market had 198 homes for sale in September 2024, a 10.0% decrease compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 29 | 34 | +17.2% |
| 3 Bedrooms | 92 | 78 | -15.2% |
| 4 Bedrooms | 61 | 48 | -21.3% |
| 5+ Bedrooms | 35 | 35 | 0.0% |
Summary: The Marion Township housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 17.2%, 3 bedroom homes decreased by 15.2%, 4 bedroom homes decreased by 21.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 66 | 35 | -47.0% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
10 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. 57.1% of homes here sold below asking price last month.
Summary: A total of 35 homes were sold or pending in Marion Township in September 2024, down by 47.0% month-over-month. Of the 35 sold homes, 57% were sold under asking, 29% were sold at asking, and 14% 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
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 34 Days | 31 Days | -10.6% |
Summary: Homes in Marion Township had an average of 31 days on market in Sep 2024, down by 10.6% compared to last year.
Breakdown of Home Sale Times
25 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
2 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 September 2024, 35 homes were sold in Marion Township; 71% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 6% 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.