Marion, IA Foreclosures
How much do homes sell for in Marion, IA?
The average home price is currently $280,497.
In Marion, IA, how many homes are available?
There are currently 174 active home listings available in Marion.
What’s the average rental cost in Marion, IA?
The average rental price in Marion is $1,493.
What is the most expensive home in Marion?
The most expensive home sold in Marion had a price of $4,127,393.
What is currently the cheapest priced home in Marion, IA?
The cheapest home for sale in Marion is priced at $13,692.
Living in Marion, IA
Marion, IA is a charming suburban city that combines the best of both urban amenities and community-focused living. With vibrant parks, excellent schools, and a variety of shopping and dining options, it is an ideal location for families and individuals alike. The city's close proximity to Cedar Rapids enhances the appeal, offering additional recreational and cultural experiences.
Current Market Conditions in Marion, IA
The real estate market in Marion, IA is currently experiencing a robust demand, attributed to its growing population and appealing lifestyle. Home prices have risen steadily over the past year, reflecting a strong appreciation in market value. Buyers are particularly interested in family-friendly neighborhoods with good schools and parks, driving competitiveness among home listings. There are also noticeable trends towards new construction and development in certain parts of the city, catering to the needs of a diverse demographic.
As of late summer 2023, the average home price in Marion has seen an increase of 8% compared to the previous year, indicating a healthy market for sellers. Many homes are receiving multiple offers and selling quickly, often above the initial listing prices.
Home Value Estimator For Marion, IA
There are currently 16,669 real estate properties
in Marion, IA,
with a median automated valuation model (AVM) price
of $248,462.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Marion, 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 Marion, IA,
is $280,497.00, with the most expensive house
in Marion, IA, topping out
at $4,127,393.00 and the cheapest home
in Marion, IA,
clocking in at $13,692.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Marion, IA!
Rent Prices
In Marion, IA
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Marion, IA, is on
a rollercoaster ride. The
average rent price in Marion, IA,
is $1,493.00. Indeed, when looking to rent in
Marion, IA, you can expect to pay as little
as $640.00 or as much
as $2,460.00,
with the average rent median estimated to
be $1,460.00. The good news is that finding
an affordable and desirable property to rent in Marion, 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.
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