In February 2018, there were three homes sold, with a median sale price of $172,000 - a 473.3% increase over the $30,000 median sale price for the same period of the previous year. There were five homes sold in Palo in February 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 February 2018.
The following table compares Palo to other Linn County cities with similar median sales prices in February 2018:
| City | Feb. 2018 Home Sales | Feb. 2017 Home Sales | % change (Total Home Sales) | Feb. 2018 Median Sales Price | Feb. 2017 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Robins | 1 | 2 | -50% | $350,000 | $227,000 | 54.2% |
| Ely | 2 | 4 | -50% | $253,450 | $203,700 | 24.4% |
| Center Point | 3 | 3 | 0% | $210,000 | $49,900 | 320.8% |
| Mount Vernon | 2 | 3 | -33.3% | $181,450 | $215,000 | -15.6% |
| Marion | 51 | 58 | -12.1% | $175,300 | $164,243.50 | 6.7% |
| Palo | 3 | 5 | -40% | $172,000 | $30,000 | 473.3% |
| Hiawatha | 5 | 7 | -28.6% | $148,000 | $104,900 | 41.1% |
| Springville | 1 | 0 | - | $125,000 | $0 | - |
| Cedar Rapids | 177 | 146 | 21.2% | $120,000 | $115,250 | 4.1% |
| Lisbon | 3 | 0 | - | $92,000 | $0 | - |
| Fairfax | 1 | 4 | -75% | $78,000 | $129,750 | -39.9% |
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