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Cedar Rapids Today

Wednesday, November 6, 2024

Central City home prices fall in September 2018

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The median sale price of a home sold in September 2018 in Central City fell by $5,500 while total sales increased by 50%, according to BlockShopper.com.

In September 2018, there were three homes sold, with a median sale price of $135,000 - a 3.9% decrease over the $140,500 median sale price for the same period of the previous year. There were two homes sold in Central City in September 2017.

The median sales tax in Central City for the most recent year with available data, 2017, was $2,207, approximately 1.6% of the median home sale price for September 2018.

The following table compares Central City to other Linn County cities with similar median sales prices in September 2018:

CitySept. 2018 Home SalesSept. 2017 Home Sales% change (Total Home Sales)Sept. 2018 Median Sales PriceSept. 2017 Median Sales Price% change (Median Sales Price)
Coggon220%$182,250$114,50059.2%
Fairfax78-12.5%$180,000$117,50053.2%
Hiawatha1112-8.3%$167,000$117,50042.1%
Marion103958.4%$166,000$166,0000%
Lisbon72250%$159,900$187,250-14.6%
Springville4333.3%$147,000$110,00033.6%
Cedar Rapids213250-14.8%$140,000$128,0009.4%
Central City3250%$135,000$140,500-3.9%
Walker30-$135,000$0-
Center Point27-71.4%$133,550$209,000-36.1%
Bertram110%$24,802$485,000-94.9%

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