Is Marion Township, IA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, 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
$287,450
$139/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Summary: The median home sold price in Marion Township was $287,450 in April 2024, up 1.2% from last month, and the median price per square foot was $139.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $42K | - | N/A |
2 Bedrooms | $153.5K | $198K | +29.0% |
3 Bedrooms | $274.5K | $289.9K | +5.6% |
4 Bedrooms | $312.5K | $281K | -10.1% |
5+ Bedrooms | $383.2K | $467.7K | +22.0% |
Summary: Marion Township housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 29%, 3 bedroom homes increased by 5.6%, 4 bedroom homes decreased by 10.1%, and 5+ bedroom homes increased by 22%.
Median Sold Price Compared To Nearby Cities
Marion Township | $284K | $287.4K | +1.2% |
Taylor Township | $131K | $125K | -4.6% |
Housing Supply in Marion Township, IA
How many homes are available in Marion Township, IA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
171 | 190 | +11.1% |
Summary: The Marion Township real estate market had 190 homes for sale in April 2024, a 11.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 24 | 29 | +20.8% |
3 Bedrooms | 74 | 84 | +13.5% |
4 Bedrooms | 42 | 49 | +16.7% |
5+ Bedrooms | 30 | 28 | -6.7% |
Summary: The Marion Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 20.8%, 3 bedroom homes increased by 13.5%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes decreased by 6.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
39 | 42 | +7.7% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 42 homes were sold or pending in Marion Township in April 2024, up by 7.7% month-over-month. Of the 42 sold homes, 45% were sold under asking, 31% were sold at asking, and 24% 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 2024 | Apr 2024 | CHANGE |
---|---|---|
21 Days | 39 Days | +79.6% |
Summary: Homes in Marion Township had an average of 39 days on market in Apr 2024, up by 79.6% compared to last month.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During April 2024, 42 homes were sold in Marion Township; 52% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.