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Cedar Rapids Today

Wednesday, November 6, 2024

Mount Vernon home prices fall in April 2018

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The median sale price of a home sold in April 2018 in Mount Vernon fell by $24,750 while total sales increased by 33.3%, according to BlockShopper.com.

In April 2018, there were four homes sold, with a median sale price of $165,750 - a 13% decrease over the $190,500 median sale price for the same period of the previous year. There were three homes sold in Mount Vernon in April 2017.

The median sales tax in Mount Vernon for the most recent year with available data, 2017, was $3,654, approximately 2.2% of the median home sale price for April 2018.

The following table compares Mount Vernon to other Linn County cities with similar median sales prices in April 2018:

CityApr. 2018 Home SalesApr. 2017 Home Sales% change (Total Home Sales)Apr. 2018 Median Sales PriceApr. 2017 Median Sales Price% change (Median Sales Price)
Robins4333.3%$305,000$285,0007%
Palo58-37.5%$215,000$214,5000.2%
Lisbon550%$187,000$59,184216%
Mount Vernon4333.3%$165,750$190,500-13%
Fairfax7475%$155,000$223,634.50-30.7%
Marion88818.6%$153,200$169,900-9.8%
Cedar Rapids235236-0.4%$136,000$115,00018.3%
Center Point610-40%$134,000$172,750-22.4%
Springville15-80%$127,000$31,036309.2%
Ely34-25%$122,500$237,342.50-48.4%
Hiawatha131118.2%$91,500$190,000-51.8%

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