Is Marion Township, IA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Marion Township has remained a Seller's Market.
Housing Prices in Marion Township, IA
How much do homes in Marion Township, IA cost?
Median Sold Price
$259,912
$132/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Marion Township was $259,912 in March 2024, up 5.7% from last year, and the median price per square foot was $132.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $65.2K | $85K | +30.4% |
2 Bedrooms | $156.2K | $162.7K | +4.2% |
3 Bedrooms | $215.9K | $225K | +4.2% |
4 Bedrooms | $295.3K | $314K | +6.3% |
5+ Bedrooms | $445K | $456K | +2.5% |
Summary: Marion Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 30.4%, 2 bedroom homes increased by 4.2%, 3 bedroom homes increased by 4.2%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes increased by 2.5%.
Median Sold Price Compared To Nearby Cities
Marion | $237.5K | $253.5K | +6.7% |
Cedar Rapids | $176.3K | $188.2K | +6.7% |
Marion Township | $245.8K | $259.9K | +5.7% |
Housing Supply in Marion Township, IA
How many homes are available in Marion Township, IA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
176 | 175 | -0.6% |
Summary: The Marion Township real estate market had 175 homes for sale in March 2024, a 0.6% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 25 | 25 | 0.0% |
3 Bedrooms | 72 | 71 | -1.4% |
4 Bedrooms | 46 | 45 | -2.2% |
5+ Bedrooms | 32 | 33 | +3.1% |
Summary: The Marion Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 1.4%, 4 bedroom homes decreased by 2.2%, and 5+ bedroom homes increased by 3.1%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
36 | 37 | +2.8% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 37 homes were sold or pending in Marion Township in March 2024, up by 2.8% month-over-month. Of the 37 sold homes, 49% were sold under asking, 22% were sold at asking, and 30% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
36 Days | 18 Days | -50.0% |
Summary: Homes in Marion Township had an average of 18 days on market in Mar 2024, down by 50% compared to last year.
Breakdown of Home Sale Times
29 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 37 homes were sold in Marion Township; 78% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.