Is Marion County, IA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Marion County is a seller's market

Buyer's
Market

Difference Since June 2023

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

Key Takeaway

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

Housing Prices in Marion County, IA

How much do homes in Marion County, IA cost?

Median Sold Price

$264,916

$199/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2023

+$22,216(+9.2%)

Key Takeaway

Homes in Marion County have sold for 9.2% more than they did a year ago.

Summary: The median home sold price in Marion County was $264,916 in June 2024, up 9.2% from last year, and the median price per square foot was $199.

Median Sold Price By Bedroom Count

# BEDSJun 2023Jun 2024CHANGE
1 $95.5K$130K
+36.0%
2 $161.6K$138K
-14.6%
3 $235K$256K
+8.9%
4 $297K$349.8K
+17.8%
5+ $430K$564K
+31.2%

Summary: Marion County housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 36%, 2 bedroom homes decreased by 14.6%, 3 bedroom homes increased by 8.9%, 4 bedroom homes increased by 17.8%, and 5+ bedroom homes increased by 31.2%.

Median Sold Price Compared To Nearby Counties

Marion County
+9.2%
Warren County
+4.7%
Jasper County
+4.0%
Lucas County
-19.3%

Housing Supply in Marion County, IA

How many homes are available in Marion County, IA?

Number of Homes For Sale

May 2024Jun 2024CHANGE
166139-16.3%

Summary: The Marion County real estate market had 139 homes for sale in June 2024, a 16.3% decrease compared to May 2024.

Homes For Sale By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 12
+100.0%
2 2219
-13.6%
3 7366
-9.6%
4 4733
-29.8%
5+ 2319
-17.4%

Summary: The Marion County housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 13.6%, 3 bedroom homes decreased by 9.6%, 4 bedroom homes decreased by 29.8%, and 5+ bedroom homes decreased by 17.4%.

Number of Homes Sold

May 2024Jun 2024CHANGE
4740-14.9%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

16 Homes Were Sold
At Asking

12 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Marion County, expect to pay close to the asking price. 40% of homes here sold near the asking price last month.

Summary: A total of 40 homes were sold or pending in Marion County in June 2024, down by 14.9% month-over-month. Of the 40 sold homes, 30% were sold under asking, 40% were sold at asking, and 30% were sold over asking.

Days on Market for Marion County, IA

How long does it take to sell a home in Marion County, IA?

Average Sale Time

Jun 2023Jun 2024CHANGE
45 Days28 Days-38.3%

Summary: Homes in Marion County had an average of 28 days on market in Jun 2024, down by 38.3% compared to last year.

Breakdown of Home Sale Times

30 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During June 2024, 40 homes were sold in Marion County; 75% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.

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

Report Updated 23 Days Ago

Newest Listings in Marion County, IA

Nearby Markets to Marion County, IA

What housing markets are near Marion County, IA?