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Cedar Rapids Today

Wednesday, November 6, 2024

Mount Vernon home prices fall in July 2018

Realestate077

The median sale price of a home sold in July 2018 in Mount Vernon fell by $60,950 while total sales increased by 150%, according to BlockShopper.com.

In July 2018, there were 10 homes sold, with a median sale price of $165,000 - a 27% decrease over the $225,950 median sale price for the same period of the previous year. There were four homes sold in Mount Vernon in July 2017.

The median sales tax in Mount Vernon for the most recent year with available data, 2017, was $3,654, approximately 2.2% of the median home sale price for July 2018.

The following table compares Mount Vernon to other Linn County cities with similar median sales prices in July 2018:

CityJuly 2018 Home SalesJuly 2017 Home Sales% change (Total Home Sales)July 2018 Median Sales PriceJuly 2017 Median Sales Price% change (Median Sales Price)
Springville24-50%$224,950$67,250234.5%
Robins440%$205,000$360,229-43.1%
Central City23-33.3%$197,450$103,00091.7%
Fairfax115120%$181,500$175,0003.7%
Marion995967.8%$175,000$142,00023.2%
Mount Vernon104150%$165,000$225,950-27%
Center Point6520%$162,000$195,000-16.9%
Alburnett110%$155,000$86,00080.2%
Cedar Rapids26118938.1%$147,000$122,90019.6%
Coggon3250%$135,000$133,2001.4%
Hiawatha880%$105,450$114,000-7.5%

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