Is Marion, 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 was a Neutral Market.
Housing Prices in Marion, IA
How much do homes in Marion, IA cost?
Median Sold Price
$260,380
$133/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Marion was $260,380 in April 2024, up 10.7% 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 | $154.9K | $167.7K | +8.3% |
3 Bedrooms | $212K | $229.9K | +8.4% |
4 Bedrooms | $290K | $310K | +6.9% |
5+ Bedrooms | $431.2K | $455.4K | +5.6% |
Summary: Marion 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 8.3%, 3 bedroom homes increased by 8.4%, 4 bedroom homes increased by 6.9%, and 5+ bedroom homes increased by 5.6%.
Median Sold Price Compared To Nearby Cities
Marion | $235.1K | $260.3K | +10.7% |
Marion Township | $244.3K | $264.9K | +8.4% |
Cedar Rapids | $178.3K | $189.2K | +6.1% |
Housing Supply in Marion, IA
How many homes are available in Marion, IA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
172 | 191 | +11.0% |
Summary: The Marion real estate market had 191 homes for sale in April 2024, a 11.0% 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 | 85 | +14.9% |
4 Bedrooms | 42 | 49 | +16.7% |
5+ Bedrooms | 31 | 28 | -9.7% |
Summary: The Marion 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 14.9%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes decreased by 9.7%.
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 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, IA
How long does it take to sell a home in Marion, IA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
53 Days | 39 Days | -27.3% |
Summary: Homes in Marion had an average of 39 days on market in Apr 2024, down by 27.3% compared to last year.
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; 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.