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Cedar Rapids Today

Friday, December 27, 2024

Center Point home prices fall in May 2018

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The median sale price of a home sold in May 2018 in Center Point fell by $19,199 while total sales decreased by 25%, according to BlockShopper.com.

In May 2018, there were nine homes sold, with a median sale price of $111,801 - a 14.7% decrease over the $131,000 median sale price for the same period of the previous year. There were 12 homes sold in Center Point in May 2017.

The median sales tax in Center Point for the most recent year with available data, 2017, was $3,019, approximately 2.7% of the median home sale price for May 2018.

The following table compares Center Point to other Linn County cities with similar median sales prices in May 2018:

CityMay 2018 Home SalesMay 2017 Home Sales% change (Total Home Sales)May 2018 Median Sales PriceMay 2017 Median Sales Price% change (Median Sales Price)
Hiawatha912-25%$213,000$147,00044.9%
Ely510-50%$194,172$201,700-3.7%
Marion88121-27.3%$190,000$188,8880.6%
Springville26-66.7%$185,000$149,50023.7%
Mount Vernon36-50%$180,000$157,45014.3%
Central City7616.7%$138,000$103,75033%
Cedar Rapids295301-2%$135,000$122,00010.7%
Walker220%$117,500$128,500-8.6%
Coggon56-16.7%$116,500$120,000-2.9%
Center Point912-25%$111,801$131,000-14.7%
Lisbon9650%$110,000$138,450-20.5%

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