Is Marion, IA 52302 a buyer’s or seller’s market?

Seller’s market 3 months ending August 31, 2026 · Source: Redfin

Marion is a seller’s market. With about 1.4 months of supply and 35% 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.

Competition score80/ 100

More competitive than 85% of U.S. ZIP codes, and #12 of 156 in the state.

Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown

Months of supply1.4Under 4 months = seller’s market
Sold above original list34.8%Share of sales, last 3 months
Median sale-to-list99.7%Sold price ÷ list price
Median days on market9Listing to accepted offer
Median price per sq ft$146▲ +1.0% vs. last year

The Marion housing market right now

In the three months ending August 31, 2026, 35% of homes in Marion, IA 52302 sold above their list price, the typical home went under contract in 9 days and there were 1.4 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 251 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 25%, homes sold faster (21 days then) and the median sale price rose 2% to $299,870. Overall, Marion is more competitive than a year ago, so tougher for buyers.

Within Linn County, homes here sell faster than in 74% of the county’s ZIP codes, and sell less often over asking than in 53%. On our competition score, Marion ranks #12 of 156 IA ZIP codes with enough sales (score 80 out of 100).

Nearby, buyers who want less competition could look at Toddville 52341 (0% sold over asking) or Ely 52227 (11% sold over asking), while Coggon 52218 (75% sold over asking) and Central City 52214 (67% sold over asking) are even more competitive.

Nearby markets

Alburnett 52202Seller’s market $120 /sq ftCedar Rapids 52401Seller’s market $198 /sq ftCedar Rapids 52402Seller’s market $133 /sq ftCedar Rapids 52403Seller’s market $128 /sq ft Browse all markets →

Where Marion is

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Questions about Marion real estate

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

A seller’s market: there were 1.4 months of supply in Marion, IA 52302 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 Marion?

The typical home went under contract in 9 days in the latest three months.

Do homes in Marion sell over asking?

35% of homes sold above their original list price, and the typical sale closed at 99.7% of the list price.

What are property taxes in Marion?

About 1.66% of a home’s value a year in Linn County, or roughly $6,640 on a $400,000 home.

What is the median home price in Marion?

The median sale price was $299,870 in the three months ending August 31, 2026, about $146 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