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Cedar Rapids Today

Wednesday, November 6, 2024

Ely home prices fall in June 2018

Re 6

The median sale price of a home sold in June 2018 in Ely fell by $12,750 while total sales increased by 60%, according to BlockShopper.com.

In June 2018, there were eight homes sold, with a median sale price of $231,250 - a 5.2% decrease over the $244,000 median sale price for the same period of the previous year. There were five homes sold in Ely in June 2017.

The median sales tax in Ely for the most recent year with available data, 2017, was $3,269, approximately 1.4% of the median home sale price for June 2018.

The following table compares Ely 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)
Lisbon59-44.4%$255,000$200,00027.5%
Walford110%$239,900$272,900-12.1%
Ely8560%$231,250$244,000-5.2%
Robins711-36.4%$230,000$270,000-14.8%
Mount Vernon1415-6.7%$192,500$168,00014.6%
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%

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