Home values continue to rise in Marion and Polk counties
Home values in Marion and Polk counties have spiked over the past couple of years.
The median sales price for a single-family home in Marion County during October was $381,900. That’s an increase of 12% compared with October 2020, according to a USA TODAY Network localized analysis generated with data from Realtor.com.
The number of houses sold rose by 5.1% from a year earlier. A total of 496 houses were sold countywide during October. During the same period a year earlier, 472 single-family homes were sold.
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Home prices in Polk County have risen even higher.
The median sales price for a single-family home in Polk County during October was $392,000, an increase of 14.6% compared with October 2020.
The number of houses sold fell by 8.5%. A total of 119 houses were sold countywide in October. During the same period a year earlier, 130 single-family homes were sold.
Real estate sales can take weeks or months to be recorded and collected. This is the latest data made available through Realtor.com to the USA TODAY Network.
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Information on your local housing markets is available through the USA TODAY Network, with more data from Realtor.com.
The top 10% of the properties sold in Marion County had prices of at least $595,000, up 6.2% from a year before, and in Polk County had prices of at least $575,000, up 11.7%.
In October, five Marion County properties sold for $1 million or more: four single-family homes and one condominium or townhome.
The median home sale price — the midway point of all the houses or units sold over a period of time — is used in this report instead of the average home sale price because experts say the median offers a more accurate view of what’s happening in a market. In finding the average price, all prices of homes sold are added and then divided by the number of homes sold. This measure can be skewed by one low or high price.