Is Marcus, IA 51035 a buyer’s or seller’s market?
Marcus is a seller’s market. With about 2.6 months of supply and 0% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
The Marcus housing market right now
In the three months ending August 31, 2026, 0% of homes in Marcus, IA 51035 sold above their list price, the typical home went under contract in 63 days and there were 2.6 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 5 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking fell from 25%, homes sold more slowly (49 days then) and the median sale price fell 10% to $154,933. Overall, Marcus is less competitive than a year ago, which gives buyers more room.
Within Cherokee County, homes here sell more slowly than in 80% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Cherokee 51012 (7% sold over asking) is even more competitive.
Run the numbers for 51035
Nearby markets
Aurelia 51005Balanced $93 /sq ftCherokee 51012Buyer’s market $83 /sq ftCleghorn 51014 — /sq ftLarrabee 51029 $116 /sq ft Browse all markets →Towns like Marcus nearby
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Questions about Marcus real estate
Is Marcus a buyer’s or seller’s market?
A seller’s market: there were 2.6 months of supply in Marcus, IA 51035 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Marcus?
The typical home went under contract in 63 days in the latest three months.
Do homes in Marcus sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 91.2% of the list price.
What are property taxes in Marcus?
About 0.99% of a home’s value a year in Cherokee County, or roughly $3,960 on a $400,000 home.
What is the median home price in Marcus?
The median sale price was $154,933 in the three months ending August 31, 2026, about $109 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology