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Cedar Rapids Today

Tuesday, May 14, 2024

Q3: Center Point experienced a 5% drop in median home prices

Re 10

The median sale price of a home sold in the third quarter of 2022 in Center Point fell by $12,100 while total sales decreased by 56 percent, according to BlockShopper.com.

From July through September, there were 11 homes sold, with a median sale price of $229,900 - a five percent decrease from the $242,000 median sale price for the same period of the previous year. There were 25 homes sold in Center Point in the third quarter of 2021.

The median sales tax in Center Point for the most recent year with available data, 2017, was $3,019, approximately 1.3 percent of the median home sale price for the third quarter of 2022.

The following table compares Center Point to other Linn County cities with similar median sale prices in the third quarter of 2022:

CityJuly - September 2022 Home SalesJuly - September 2021 Home Sales% change (Total Home Sales)July - September 2022 Median Sales PriceJuly - September 2021 Median Sales Price% change (Median Sales Price)
Mount Vernon2630-13.3$305,000$264,50015.3
Ely14137.7$293,475$298,900-1.8
Lisbon259177.8$262,000$190,00037.9
Hiawatha3441-17.1$240,000$205,00017.1
Marion232316-26.6$230,550$204,75012.6
Center Point1125-56$229,900$242,000-5
Springville716-56.3$215,000$173,25024.1
Central City911-18.2$199,900$125,00059.9
Cedar Rapids596859-30.6$167,000$156,5006.7
Walker11683.3$165,000$165,0000
Coggon58-37.5$138,000$157,250-12.2

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