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Foreclosure Homes in Marengo, IA 52301

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Marengo, IA Foreclosures

Current Market Conditions in in Marengo, IA As of January 2026?
Over the past month, Marengo's housing market has seen slight fluctuations, with a modest rise in average home prices. This change is influenced by a decrease in the number of homes for sale, as buyers continue to show strong interest. Agents report that homes are selling quickly, often within weeks of listing, indicating heightened demand.
How much do homes sell for in Marengo, IA?
The average home price is currently $217,962.
In Marengo, IA, how many homes are available?
There are currently 72 active home listings available in Marengo.
What’s the average rental cost in Marengo, IA?
The average rental price in Marengo is $1,266.
What is the most expensive home in Marengo?
The most expensive home sold in Marengo had a price of $2,056,601.
What is currently the cheapest priced home in Marengo, IA?
The cheapest home for sale in Marengo is priced at $11,605.

Living in Marengo, IA

Marengo, IA is a welcoming small town with a vibrant community and a rich history. It offers residents a serene environment coupled with easy access to major cities. With various amenities and outdoor activities available, Marengo is perfect for families and those seeking a peaceful lifestyle.

Buyer vs Seller Market in Marengo, IA

The real estate market in Marengo has shown positive trends over the past year, with an increase in home values and an uptick in buyer interest. The market is characterized by single-family homes, with a mix of older properties and newer constructions.

Currently, inventory is limited, leading to competitive bidding situations for many homes. This trend indicates a seller's market where properties are often selling faster than in previous years.

Home Value Estimator For Marengo, IA

There are currently 1,706 real estate properties in Marengo, IA, with a median automated valuation model (AVM) price of $175,398.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Marengo, IA, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Marengo, IA, is $217,962.00, with the most expensive house in Marengo, IA, topping out at $2,056,601.00 and the cheapest home in Marengo, IA, clocking in at $11,605.00. In other words, there’s something for every potential homebuyer or savvy investor in Marengo, IA!

Rent Prices In Marengo, IA

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Marengo, IA, is on a rollercoaster ride. The average rent price in Marengo, IA, is $1,266.00. Indeed, when looking to rent in Marengo, IA, you can expect to pay as little as $740.00 or as much as $2,080.00, with the average rent median estimated to be $1,260.00. The good news is that finding an affordable and desirable property to rent in Marengo, IA -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Marengo, IA 52301 Foreclosures

Market Trend for Marengo, IA

Total Listings Available: 72

Market Values:

Home Prices from $11,605 to $2,056,601

Average Sales Price: $217,962

Rental Values:

Rental from $740 to $2,080

Average Rent Value: $1,266 / month

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