Is Marengo Township, IA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Marengo Township was a Neutral Market.
Key Takeaway
Marengo Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Marengo Township, IA
How much do homes in Marengo Township, IA cost?
Median Sold Price
$152,000
$94/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Marengo Township have sold for 8.6% more than they did a year ago.
Summary: The median home sold price in Marengo Township was $152,000 in April 2024, up 8.6% from last year, and the median price per square foot was $94.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $106.3K | $127.5K | +19.9% |
| 3 Bedrooms | $132.5K | $149.9K | +13.1% |
| 4 Bedrooms | $203K | $174K | -14.3% |
| 5+ Bedrooms | $200K | $92.5K | -53.8% |
Summary: Marengo Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 19.9%, 3 bedroom homes increased by 13.1%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes decreased by 53.8%.
Median Sold Price Compared To Nearby Cities
| Marengo | $135K | $152K | +12.6% |
| Marengo Township | $140K | $152K | +8.6% |
Housing Supply in Marengo Township, IA
How many homes are available in Marengo Township, IA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 9 | 8 | -11.1% |
Summary: The Marengo Township real estate market had 8 homes for sale in April 2024, a 11.1% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 5 | +25.0% |
| 3 Bedrooms | 3 | 2 | -33.3% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Marengo Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 25%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 3 | 4 | +33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Marengo Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Marengo Township in April 2024, up by 33.3% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for Marengo Township, IA
How long does it take to sell a home in Marengo Township, IA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 32 Days | 9 Days | -70.8% |
Summary: Homes in Marengo Township had an average of 9 days on market in Apr 2024, down by 70.8% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Marengo Township are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 4 homes were sold in Marengo Township; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
