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Cedar Rapids Today

Wednesday, November 6, 2024

Cedar Rapids home prices rise in February 2018

Realestate077

The median sale price of a home sold in February 2018 in Cedar Rapids rose by $4,750 while total sales increased by 21.2%, according to BlockShopper.com.

In February 2018, there were 177 homes sold, with a median sale price of $120,000 - a 4.1% increase over the $115,250 median sale price for the same period of the previous year. There were 146 homes sold in Cedar Rapids in February 2017.

The median sales tax in Cedar Rapids for the most recent year with available data, 2017, was $2,557, approximately 2.1% of the median home sale price for February 2018.

The following table compares Cedar Rapids to other Linn County cities with similar median sales prices in February 2018:

CityFeb. 2018 Home SalesFeb. 2017 Home Sales% change (Total Home Sales)Feb. 2018 Median Sales PriceFeb. 2017 Median Sales Price% change (Median Sales Price)
Center Point330%$210,000$49,900320.8%
Mount Vernon23-33.3%$181,450$215,000-15.6%
Marion5158-12.1%$175,300$164,243.506.7%
Palo35-40%$172,000$30,000473.3%
Hiawatha57-28.6%$148,000$104,90041.1%
Springville10-$125,000$0-
Cedar Rapids17714621.2%$120,000$115,2504.1%
Lisbon30-$92,000$0-
Fairfax14-75%$78,000$129,750-39.9%
Central City330%$45,000$84,450-46.7%
Coggon12-50%$29,000$52,250-44.5%

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