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Cedar Rapids Today

Tuesday, December 24, 2024

Cedar Rapids home prices rise in October 2018

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The median sale price of a home sold in October 2018 in Cedar Rapids rose by $15,000 while total sales increased by 5%, according to BlockShopper.com.

In October 2018, there were 229 homes sold, with a median sale price of $149,000 - a 11.2% increase over the $134,000 median sale price for the same period of the previous year. There were 218 homes sold in Cedar Rapids in October 2017.

The median sales tax in Cedar Rapids for the most recent year with available data, 2017, was $2,557, approximately 1.7% of the median home sale price for October 2018.

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

CityOct. 2018 Home SalesOct. 2017 Home Sales% change (Total Home Sales)Oct. 2018 Median Sales PriceOct. 2017 Median Sales Price% change (Median Sales Price)
Ely7540%$215,000$149,90043.4%
Hiawatha12119.1%$198,500$230,000-13.7%
Alburnett52150%$183,000$75,190.50143.4%
Mount Vernon5366.7%$175,000$182,000-3.8%
Marion1068327.7%$150,950$140,4007.5%
Cedar Rapids2292185%$149,000$134,00011.2%
Center Point440%$148,200$208,750-29%
Central City550%$131,400$130,0001.1%
Walker220%$121,950$55,320120.4%
Coggon220%$118,500$159,000-25.5%
Palo4333.3%$92,000$192,000-52.1%

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