From April through June of 2019, there were eight homes sold, with a median sale price of $231,750 - a 13.7% increase over the $203,750 median sale price for the same period of the previous year. There were 12 homes sold in Palo in the second quarter of 2018.
The median sales tax in Palo for the most recent year with available data, 2017, was $2,969, approximately 1.3% of the median home sale price for the second quarter of 2019.
The following table compares Palo to other Linn County cities with similar median sales prices in the second quarter of 2019:
| City | Apr. - June 2019 Home Sales | Apr. - June 2018 Home Sales | % change (Total Home Sales) | Apr. - June 2019 Median Sales Price | Apr. - June 2018 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Alburnett | 3 | 3 | 0% | $295,000 | $52,000 | 467.3% |
| Walford | 4 | 2 | 100% | $266,450 | $264,950 | 0.6% |
| Robins | 21 | 20 | 5% | $259,000 | $247,000 | 4.9% |
| Ely | 23 | 16 | 43.8% | $233,645 | $209,586 | 11.5% |
| Palo | 8 | 12 | -33.3% | $231,750 | $203,750 | 13.7% |
| Mount Vernon | 18 | 21 | -14.3% | $214,750 | $178,500 | 20.3% |
| Lisbon | 13 | 19 | -31.6% | $208,000 | $139,900 | 48.7% |
| Central City | 9 | 11 | -18.2% | $205,000 | $127,000 | 61.4% |
| Fairfax | 24 | 21 | 14.3% | $192,000 | $148,000 | 29.7% |
| Marion | 267 | 310 | -13.9% | $175,000 | $167,700 | 4.4% |
| Hiawatha | 34 | 36 | -5.6% | $156,000 | $166,250 | -6.2% |
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