Is Marion Township, IA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Marion Township was a Neutral 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
$264,971
$133/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Marion Township have sold for 8.4% more than they did a year ago.
Summary: The median home sold price in Marion Township was $264,971 in April 2024, up 8.4% from last year, and the median price per square foot was $133.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $65.2K | $85K | +30.4% |
| 2 Bedrooms | $155K | $167.7K | +8.2% |
| 3 Bedrooms | $215.5K | $229.9K | +6.7% |
| 4 Bedrooms | $294.5K | $314K | +6.6% |
| 5+ Bedrooms | $435K | $459.7K | +5.7% |
Summary: Marion Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 30.4%, 2 bedroom homes increased by 8.2%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 6.6%, and 5+ bedroom homes increased by 5.7%.
Median Sold Price Compared To Nearby Cities
| Bertram Township | $395K | $464.9K | +17.7% |
| Marion | $235.1K | $260.3K | +10.7% |
| Marion Township | $244.3K | $264.9K | +8.4% |
| Robins | $418.5K | $449.8K | +7.5% |
| Cedar Rapids | $178.3K | $189.2K | +6.1% |
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 |
|---|---|---|
| 182 | 203 | +11.5% |
Summary: The Marion Township real estate market had 203 homes for sale in April 2024, a 11.5% 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 | 75 | 87 | +16.0% |
| 4 Bedrooms | 47 | 54 | +14.9% |
| 5+ Bedrooms | 35 | 33 | -5.7% |
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 16%, 4 bedroom homes increased by 14.9%, and 5+ bedroom homes decreased by 5.7%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 39 | 45 | +15.4% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
11 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. 42.2% of homes here sold below asking price last month.
Summary: A total of 45 homes were sold or pending in Marion Township in April 2024, up by 15.4% month-over-month. Of the 45 sold homes, 42% were sold under asking, 33% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 50 Days | 37 Days | -24.3% |
Summary: Homes in Marion Township had an average of 37 days on market in Apr 2024, down by 24.3% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
5 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 April 2024, 45 homes were sold in Marion Township; 53% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 11% 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.