In July 2018, there were three homes sold, with a median sale price of $240,000 - a 8.4% increase over the $221,500 median sale price for the same period of the previous year. There were four homes sold in Palo in July 2017.
The median sales tax in Palo for the most recent year with available data, 2017, was $2,969, approximately 1.2% of the median home sale price for July 2018.
The following table compares Palo to other Linn County cities with similar median sales prices in July 2018:
| City | July 2018 Home Sales | July 2017 Home Sales | % change (Total Home Sales) | July 2018 Median Sales Price | July 2017 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Ely | 4 | 7 | -42.9% | $287,000 | $229,900 | 24.8% |
| Palo | 3 | 4 | -25% | $240,000 | $221,500 | 8.4% |
| Springville | 2 | 4 | -50% | $224,950 | $67,250 | 234.5% |
| Robins | 4 | 4 | 0% | $205,000 | $360,229 | -43.1% |
| Central City | 2 | 3 | -33.3% | $197,450 | $103,000 | 91.7% |
| Fairfax | 11 | 5 | 120% | $181,500 | $175,000 | 3.7% |
| Marion | 99 | 59 | 67.8% | $175,000 | $142,000 | 23.2% |
| Mount Vernon | 10 | 4 | 150% | $165,000 | $225,950 | -27% |
| Center Point | 6 | 5 | 20% | $162,000 | $195,000 | -16.9% |
| Alburnett | 1 | 1 | 0% | $155,000 | $86,000 | 80.2% |
| Cedar Rapids | 261 | 189 | 38.1% | $147,000 | $122,900 | 19.6% |
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