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Cedar Rapids Today

Wednesday, November 6, 2024

Mount Vernon home prices fall in February 2018

Re 12

The median sale price of a home sold in February 2018 in Mount Vernon fell by $33,550 while total sales decreased by 33.3%, according to BlockShopper.com.

In February 2018, there were two homes sold, with a median sale price of $181,450 - a 15.6% decrease over the $215,000 median sale price for the same period of the previous year. There were three homes sold in Mount Vernon in February 2017.

The median sales tax in Mount Vernon for the most recent year with available data, 2017, was $3,654, approximately 2% of the median home sale price for February 2018.

The following table compares Mount Vernon 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)
Robins12-50%$350,000$227,00054.2%
Ely24-50%$253,450$203,70024.4%
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%

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