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Cedar Rapids Today

Tuesday, December 24, 2024

Cedar Rapids home prices fall in November 2018

Re 12

The median sale price of a home sold in November 2018 in Cedar Rapids fell by $9,600 while total sales decreased by 7.7%, according to BlockShopper.com.

In November 2018, there were 227 homes sold, with a median sale price of $129,900 - a 6.9% decrease over the $139,500 median sale price for the same period of the previous year. There were 246 homes sold in Cedar Rapids in November 2017.

The median sales tax in Cedar Rapids for the most recent year with available data, 2017, was $2,557, approximately 2% of the median home sale price for November 2018.

The following table compares Cedar Rapids to other Linn County cities with similar median sales prices in November 2018:

CityNov. 2018 Home SalesNov. 2017 Home Sales% change (Total Home Sales)Nov. 2018 Median Sales PriceNov. 2017 Median Sales Price% change (Median Sales Price)
Center Point7616.7%$200,000$195,0002.6%
Marion8186-5.8%$169,900$150,50012.9%
Springville5425%$145,000$130,50011.1%
Alburnett110%$140,000$277,500-49.5%
Central City47-42.9%$139,000$79,50074.8%
Palo6520%$136,250$186,796-27.1%
Cedar Rapids227246-7.7%$129,900$139,500-6.9%
Hiawatha512-58.3%$100,000$124,250-19.5%
Lisbon220%$100,000$165,500-39.6%
Coggon220%$69,500$73,250-5.1%
Walker12-50%$20,000$90,250-77.8%

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