Is Marengo, IA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Marengo is a seller's market

Buyer's
Market

Difference Since September 2021

Since last year, Marengo has remained a Seller's Market.

Key Takeaway

Marengo is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Marengo, IA cost?

Median Sold Price

$105,000

$81/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2021

-$14,700(-12.3%)

Key Takeaway

Homes in Marengo have sold for 12.3% less than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSSep 2021Sep 2022%
1 $32.5K-
N/A
2 $119.5K$85K
-28.9%
3 $123.2K$105K
-14.8%
4 $134.9K$118.7K
-12.0%
5+ -$279.9K
N/A

Median Sold Price Compared To Nearby Cities

Marengo
-12.3%
Marengo Township
-14.1%

How many homes are available in Marengo, IA?

Number of Homes For Sale

Aug 2022Sep 2022%
109-10.0%

Homes For Sale By Bedroom Count

# BEDSAug 2022Sep 2022%
1 11
0.0%
2 21
-50.0%
3 55
0.0%
4 11
0.0%
5+ 11
0.0%

Number of Homes Sold

Aug 2022Sep 2022%
13+200.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Marengo, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.

Average Sale Time

Sep 2021Sep 2022%
6 Days1 Days-80.0%

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Marengo are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Marengo, IA

Marengo, IA has 9 homes on the market. The number of listings in Marengo, IA decreased by 10% between August 2022 and September 2022. In September 2022, listings were on the market for 1 days. During the same period, the median list price in this real estate market was $105,000. Real estate listing prices changed between August 2022 and September 2022: prices of 1 bedroom properties went up by 0%, prices of 2 bedrooms properties went down by 28.9%, prices of 3 bedrooms properties went down by 14.8%, 4 bedrooms properties prices decreased by 12%, 5 bedrooms properties prices increased by 0%. Volume of homes for sale in this real estate market have seen the following changes: number of 1 bedroom homes remained the same, 2 bedrooms homes became 50% less available, volume of 3 bedrooms homes stayed the same, the quantity of 4 bedrooms homes have not changed, number of 5 bedrooms homes remained the same. In September 2022 more than 1 listings in Marengo, IA were sold above the asking price. During the same period more than 1 listings were sold at asking price, while more than 1 were sold below.