Is Marengo, IA 52301 a buyer’s or seller’s market?
Marengo is a seller’s market. With about 2.4 months of supply and 25% 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 Marengo housing market right now
In the three months ending August 31, 2026, 25% of homes in Marengo, IA 52301 sold above their list price, the typical home went under contract in 28 days and there were 2.4 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 12 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 9%, homes sold more slowly (26 days then) and the median sale price rose 21% to $186,419. Overall, Marengo is more competitive than a year ago, so tougher for buyers.
Within Iowa County, homes here sell more slowly than in 62% of the county’s ZIP codes, and sell more often over asking than in 75%.
Nearby, buyers who want less competition could look at Victor 52347 (0% sold over asking) or North English 52316 (0% sold over asking), while Ladora 52251 (33% sold over asking) and Parnell 52325 (33% sold over asking) are even more competitive.
Run the numbers for 52301
Nearby markets
Amana 52203Seller’s market $139 /sq ftHomestead 52236Buyer’s market $148 /sq ftLadora 52251 $135 /sq ftMiddle Amana 52307Buyer’s market $167 /sq ft Browse all markets →Towns like Marengo nearby
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Questions about Marengo real estate
Is Marengo a buyer’s or seller’s market?
A seller’s market: there were 2.4 months of supply in Marengo, IA 52301 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 Marengo?
The typical home went under contract in 28 days in the latest three months.
Do homes in Marengo sell over asking?
25% of homes sold above their original list price, and the typical sale closed at 95.8% of the list price.
What are property taxes in Marengo?
About 1.36% of a home’s value a year in Iowa County, or roughly $5,440 on a $400,000 home.
What is the median home price in Marengo?
The median sale price was $186,419 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