The present housing market in Marshalltown is down with high active listings and low sales volume. Home prices have increased 10.0% in the past month alone. With 59 active listings, inventory is 181% higher than seasonal norms. Homes are now taking an average of 14 days to sell, significantly longer than the 4 days typical for this market. A significant 35.6% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Approximately 31.3% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Marshalltown market with the affordability index at 33.2. Based on current market indicators, home prices in Marshalltown are projected to decrease by approximately 5.6% over the next month.