Marion Housing Market Report December 2024•Linn County, Iowa

hero building illustration for mobile

Housing Prices in Marion, IA

How much do homes in Marion, IA cost?

Housing Market Conditions

Is Marion, IA a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Marion is a Seller's Market

Difference Since December 2023

Since last year, Marion has remained a Seller's Market.

Insight

Marion is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$275,933$137/SqFt
+$26,166
+10.5%

Based on all homes sold in the last 12 months

Insight

Homes in Marion have sold for 10.5% more than they did a year ago.

Summary: The median home sold price in Marion was $275,933 in December 2024, up 10.5% from last year, and the median price per square foot was $137.

Median Sold Price By City

Median Sold Price By City
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
Marion Township
+11.8%
Marion
+10.5%
Cedar Rapids
+7.8%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsDec 2023Dec 2024Change YoY
1$85K$106K
+24.7%
2$163K$165K
+1.2%
3$225K$252K
+12.0%
4$305.5K$325K
+6.4%
5$445K$479.9K
+7.8%

Summary: Marion housing price by bedroom type for December 2024, compared to the previous year. The home price for 1 bedroom homes increased by +24.7%. The home price for 2 bedroom homes increased by +1.2%. The home price for 3 bedroom homes increased by +12.0%. The home price for 4 bedroom homes increased by +6.4%. The home price for 5 bedroom homes increased by +7.8%.

Housing supply in Marion, IA

How many homes are available in Marion, IA?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
163Last MonthDec 2024
1812 months agoNov 2024
-9.9 %
Change MoMNov – Dec

Summary: The Marion real estate market had 163 homes for sale in Dec 2024, a 9.9 % decrease compared to Nov 2024.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
38Last MonthDec 2024
452 months agoNov 2024
-15.6 %
Change MoMNov – Dec

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsNov 2024Dec 2024Change MoM
110
-100.0%
22926
-10.3%
37876
-2.6%
44137
-9.8%
53224
-25.0%

Summary: Marion housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes decreased by -100.0%. The inventory for 2 bedroom homes decreased by -10.3%. The inventory for 3 bedroom homes decreased by -2.6%. The inventory for 4 bedroom homes decreased by -9.8%. The inventory for 5 bedroom homes decreased by -25.0%.

Asking Price vs. Sold Price

How much do homes in Marion, IA cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price7 Homes

At Asking Price12 Homes

Under Asking Price19 Homes

Insight

If you're buying a home in Marion, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 38 homes were sold or pending in Marion in December 2024, down by 15.6% month-over-month. Of the 38 sold homes, 50% were sold under asking, 32% were sold at asking, and and 18% were sold over asking.

Days on Market for Marion, IA

How long does it take to sell a home in Marion, IA?

Breakdown of Home Sale Times

Under 30 Days23 Homes

30 – 90 Days11 Homes

Over 90 Days3 Homes

Insight

Many homes in Marion are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 38 homes were sold in Marion; 61% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
31 DaysThis YearDec 2024
35 Days1 year agoDec 2023
-11.3 %
Change YoYDec 2023 – Dec 2024

Summary: Homes in Marion had an average listing age of 31 days in Dec 2024, down by 11.3% compared to the previous year.

Connect With An Agent

Local real estate agents are ready to help you find a home here

Sell My Home

Sell your home with an expert or get the job done on your own.

Get Approved

Get a customizable mortgage solution based on today's rates.

Newest Listings in Marion, IA

What homes are available in Marion, IA?

See More Listings

Nearby markets

Popular Cities with Homes for Sale in Iowa

MLS Disclaimers and Copyright

Based on information from Cedar Rapids MLS, for the period 01/01/2023 - 01/01/2025

IDXProvided 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.
Copyright 2025 Cedar Rapids Area Association of REALTORS®. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/17/2025, 10:20:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.