Is Marion County, IA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Marion County has remained a Seller's Market.
Housing Prices in Marion County, IA
How much do homes in Marion County, IA cost?
Median Sold Price
$255,000
$197/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Marion County was $255,000 in April 2024, up 8.5% from last year, and the median price per square foot was $197.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $95.5K | $130K | +36.0% |
2 Bedrooms | $155K | $135K | -12.9% |
3 Bedrooms | $225K | $246K | +9.3% |
4 Bedrooms | $304.5K | $355K | +16.6% |
5+ Bedrooms | $413.5K | $538.5K | +30.2% |
Summary: Marion County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 36%, 2 bedroom homes decreased by 12.9%, 3 bedroom homes increased by 9.3%, 4 bedroom homes increased by 16.6%, and 5+ bedroom homes increased by 30.2%.
Median Sold Price Compared To Nearby Counties
Marion County | $235K | $255K | +8.5% |
Jasper County | $169.6K | $184K | +8.4% |
Warren County | $284K | $300.8K | +5.9% |
Housing Supply in Marion County, IA
How many homes are available in Marion County, IA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
154 | 146 | -5.2% |
Summary: The Marion County real estate market had 146 homes for sale in April 2024, a 5.2% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 27 | 19 | -29.6% |
3 Bedrooms | 76 | 70 | -7.9% |
4 Bedrooms | 36 | 37 | +2.8% |
5+ Bedrooms | 14 | 19 | +35.7% |
Summary: The Marion County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 29.6%, 3 bedroom homes decreased by 7.9%, 4 bedroom homes increased by 2.8%, and 5+ bedroom homes increased by 35.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
35 | 26 | -25.7% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 26 homes were sold or pending in Marion County in April 2024, down by 25.7% month-over-month. Of the 26 sold homes, 58% were sold under asking, 15% were sold at asking, and 27% were sold over asking.
Days on Market for Marion County, IA
How long does it take to sell a home in Marion County, IA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
60 Days | 37 Days | -38.1% |
Summary: Homes in Marion County had an average of 37 days on market in Apr 2024, down by 38.1% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During April 2024, 26 homes were sold in Marion County; 62% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.