Is Marion Township, IA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Marion Township has remained a Seller's Market.
Housing Prices in Marion Township, IA
How much do homes in Marion Township, IA cost?
Median Sold Price
$266,016
$135/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Marion Township was $266,016 in May 2024, up 7.3% from last year, and the median price per square foot was $135.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $65.2K | $85K | +30.4% |
2 Bedrooms | $157.5K | $169.4K | +7.6% |
3 Bedrooms | $220K | $230.6K | +4.8% |
4 Bedrooms | $294.5K | $315K | +7.0% |
5+ Bedrooms | $447.5K | $475K | +6.1% |
Summary: Marion Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 30.4%, 2 bedroom homes increased by 7.6%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 7%, and 5+ bedroom homes increased by 6.1%.
Median Sold Price Compared To Nearby Cities
Bertram Township | $395K | $445K | +12.7% |
Robins | $419.9K | $455K | +8.4% |
Marion Township | $248K | $266K | +7.3% |
Marion | $245K | $262.9K | +7.3% |
Cedar Rapids | $179.9K | $191K | +6.1% |
Housing Supply in Marion Township, IA
How many homes are available in Marion Township, IA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
215 | 213 | -0.9% |
Summary: The Marion Township real estate market had 213 homes for sale in May 2024, a 0.9% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 31 | 29 | -6.5% |
3 Bedrooms | 95 | 90 | -5.3% |
4 Bedrooms | 53 | 53 | 0.0% |
5+ Bedrooms | 36 | 41 | +13.9% |
Summary: The Marion Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 6.5%, 3 bedroom homes decreased by 5.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 13.9%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
48 | 47 | -2.1% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Summary: A total of 47 homes were sold or pending in Marion Township in May 2024, down by 2.1% month-over-month. Of the 47 sold homes, 43% were sold under asking, 23% were sold at asking, and 34% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
18 Days | 31 Days | +75.3% |
Summary: Homes in Marion Township had an average of 31 days on market in May 2024, up by 75.3% compared to last year.
Breakdown of Home Sale Times
30 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During May 2024, 47 homes were sold in Marion Township; 64% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.