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Cedar Rapids Today

Wednesday, December 25, 2024

Central City home prices rise in July 2018

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The median sale price of a home sold in July 2018 in Central City rose by $94,450 while total sales decreased by 33.3%, according to BlockShopper.com.

In July 2018, there were two homes sold, with a median sale price of $197,450 - a 91.7% increase over the $103,000 median sale price for the same period of the previous year. There were three homes sold in Central City in July 2017.

The median sales tax in Central City for the most recent year with available data, 2017, was $2,207, approximately 1.1% of the median home sale price for July 2018.

The following table compares Central City 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)
Ely47-42.9%$287,000$229,90024.8%
Palo34-25%$240,000$221,5008.4%
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%

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