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Cedar Rapids Today

Thursday, December 26, 2024

Central City home prices fall in June 2018

Realestate077

The median sale price of a home sold in June 2018 in Central City fell by $78,000 while total sales decreased by 57.1%, according to BlockShopper.com.

In June 2018, there were three homes sold, with a median sale price of $32,000 - a 70.9% decrease over the $110,000 median sale price for the same period of the previous year. There were seven homes sold in Central City in June 2017.

The median sales tax in Central City for the most recent year with available data, 2017, was $2,207, approximately 6.9% of the median home sale price for June 2018.

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

CityJune 2018 Home SalesJune 2017 Home Sales% change (Total Home Sales)June 2018 Median Sales PriceJune 2017 Median Sales Price% change (Median Sales Price)
Bertram12-50%$189,950$414,026-54.1%
Center Point13862.5%$182,500$149,00022.5%
Palo69-33.3%$179,500$154,90015.9%
Marion134140-4.3%$167,750$167,431.500.2%
Hiawatha141216.7%$160,750$228,500-29.6%
Walker21100%$159,050$97,50063.1%
Cedar Rapids35527628.6%$142,000$120,00018.3%
Springville35-40%$130,000$149,999-13.3%
Fairfax811-27.3%$108,950$146,500-25.6%
Central City37-57.1%$32,000$110,000-70.9%
Coggon14-75%$11,500$129,500-91.1%

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