$3,681 Closing Credit*
$310,000
3,432 SqFt
5 Beds
•3 Full Baths
Ellen Fowler, Listing Office: Pinnacle Realty LLC
Is Marion Township, IA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
Since last year, Marion Township has remained a Seller's Market.
Key Takeaway
Marion Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Marion Township, IA
How much do homes in Marion Township, IA cost?
Median Sold Price
$278,300
$138/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$31,266(+12.7%)
Key Takeaway
Homes in Marion Township have sold for 12.7% more than they did a year ago.
Summary: The median home sold price in Marion Township was $278,300 in September 2024, up 12.7% from last year, and the median price per square foot was $138.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $69.4K | $110.5K | +59.2% |
| 2 Bedrooms | $160K | $169.9K | +6.2% |
| 3 Bedrooms | $227K | $238.5K | +5.1% |
| 4 Bedrooms | $290K | $340K | +17.2% |
| 5+ Bedrooms | $445K | $490.5K | +10.2% |
Summary: Marion Township housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 59.2%, 2 bedroom homes increased by 6.2%, 3 bedroom homes increased by 5.1%, 4 bedroom homes increased by 17.2%, and 5+ bedroom homes increased by 10.2%.
Median Sold Price Compared To Nearby Cities
| Robins | $400.5K | $454.8K | +13.6% |
| Marion Township | $247K | $278.3K | +12.7% |
| Marion | $245K | $271.1K | +10.7% |
| Bertram Township | $410K | $445K | +8.5% |
| Cedar Rapids | $184.9K | $195.8K | +5.9% |
Housing Supply in Marion Township, IA
How many homes are available in Marion Township, IA?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 239 | 215 | -10.0% |
Summary: The Marion Township real estate market had 215 homes for sale in September 2024, a 10.0% decrease compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 30 | 34 | +13.3% |
| 3 Bedrooms | 97 | 79 | -18.6% |
| 4 Bedrooms | 67 | 55 | -17.9% |
| 5+ Bedrooms | 42 | 44 | +4.8% |
Summary: The Marion Township housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 13.3%, 3 bedroom homes decreased by 18.6%, 4 bedroom homes decreased by 17.9%, and 5+ bedroom homes increased by 4.8%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 73 | 38 | -47.9% |
Asking Price vs. Sold Price
22 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Marion Township, you may be able to get a good deal. 57.9% of homes here sold below asking price last month.
Summary: A total of 38 homes were sold or pending in Marion Township in September 2024, down by 47.9% month-over-month. Of the 38 sold homes, 58% were sold under asking, 29% were sold at asking, and 13% 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
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 35 Days | 31 Days | -11.9% |
Summary: Homes in Marion Township had an average of 31 days on market in Sep 2024, down by 11.9% compared to last year.
Breakdown of Home Sale Times
27 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Marion Township are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 38 homes were sold in Marion Township; 71% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
Provided Courtesy Of Cedar Rapids Area Association of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Is Believed To Be Accurate But Not Guaranteed.