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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Marengo Township is a seller's market

Buyer's
Market

Difference Since September 2021

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

Key Takeaway

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

How much do homes in Marengo Township, IA cost?

Median Sold Price

$110,000

$92/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2021

-$18,000(-14.1%)

Key Takeaway

Homes in Marengo Township have sold for 14.1% less than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSSep 2021Sep 2022%
1 --
N/A
2 $123.7K$70K
-43.4%
3 $128K$110K
-14.1%
4 $149.9K$127.5K
-15.0%
5+ --
N/A

Median Sold Price Compared To Nearby Cities

Marengo
-12.3%
Marengo Township
-14.1%

How many homes are available in Marengo Township, IA?

Number of Homes For Sale

Aug 2022Sep 2022%
1011+10.0%

Homes For Sale By Bedroom Count

# BEDSAug 2022Sep 2022%
1 11
0.0%
2 22
0.0%
3 56
+20.0%
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 Township, 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 Township 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 Township, IA

Number of homes for sale in Marengo Township, IA real estate market have reached 11. In September 2022 in Marengo Township, IA there were 10% more homes for sale than in August 2022. While the average time on the market in September 2022 was 1 days, the median list price was $110,000. This housing market listing prices have changed between August 2022 and September 2022: 1 bedroom properties prices increased by 0%, 2 bedrooms properties became 43.4% more cheaper, 3 bedrooms properties prices decreased by 14.1%, 4 bedrooms properties prices decreased by 15%, the cost of 5 bedrooms properties went up by 0%. The following changes in the number of homes for sale were observed in this housing market: number of 1 bedroom homes remained the same, the quantity of 2 bedrooms homes have not changed, number of 3 bedrooms homes increased by 20%, the quantity of 4 bedrooms homes have not changed, the quantity of 5 bedrooms homes have not changed. Over 1 listings were sold over their listed price in September 2022 in Marengo Township, IA. In the same period over 1 listings were sold below the listed price and 1 listings were sold for the listed price.