In June 2018, there were six homes sold, with a median sale price of $179,500 - a 15.9% increase over the $154,900 median sale price for the same period of the previous year. There were nine homes sold in Palo in June 2017.
The median sales tax in Palo for the most recent year with available data, 2017, was $2,969, approximately 1.7% of the median home sale price for June 2018.
The following table compares Palo to other Linn County cities with similar median sales prices in June 2018:
| City | June 2018 Home Sales | June 2017 Home Sales | % change (Total Home Sales) | June 2018 Median Sales Price | June 2017 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Ely | 8 | 5 | 60% | $231,250 | $244,000 | -5.2% |
| Robins | 7 | 11 | -36.4% | $230,000 | $270,000 | -14.8% |
| Mount Vernon | 14 | 15 | -6.7% | $192,500 | $168,000 | 14.6% |
| Bertram | 1 | 2 | -50% | $189,950 | $414,026 | -54.1% |
| Center Point | 13 | 8 | 62.5% | $182,500 | $149,000 | 22.5% |
| Palo | 6 | 9 | -33.3% | $179,500 | $154,900 | 15.9% |
| Marion | 134 | 140 | -4.3% | $167,750 | $167,431.50 | 0.2% |
| Hiawatha | 14 | 12 | 16.7% | $160,750 | $228,500 | -29.6% |
| Walker | 2 | 1 | 100% | $159,050 | $97,500 | 63.1% |
| Cedar Rapids | 355 | 276 | 28.6% | $142,000 | $120,000 | 18.3% |
| Springville | 3 | 5 | -40% | $130,000 | $149,999 | -13.3% |
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