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Cedar Rapids Today

Wednesday, November 6, 2024

Mount Vernon home prices fall in the third quarter of 2018

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The median sale price of a home sold in the third quarter of 2018 in Mount Vernon fell by $43,000 while total sales increased by 23.5%, according to BlockShopper.com.

From July through September of 2018, there were 21 homes sold, with a median sale price of $184,000 - a 18.9% decrease over the $227,000 median sale price for the same period of the previous year. There were 17 homes sold in Mount Vernon in the third quarter of 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 the third quarter of 2018.

The following table compares Mount Vernon to other Linn County cities with similar median sales prices in the third quarter of 2018:

CityJuly - Sept. 2018 Home SalesJuly - Sept. 2017 Home Sales% change (Total Home Sales)July - Sept. 2018 Median Sales PriceJuly - Sept. 2017 Median Sales Price% change (Median Sales Price)
Robins815-46.7%$241,250$368,000-34.4%
Walford12-50%$230,000$273,750-16%
Fairfax3015100%$213,950$155,00038%
Palo1219-36.8%$208,000$225,000-7.6%
Bertram21100%$203,401$485,000-58.1%
Mount Vernon211723.5%$184,000$227,000-18.9%
Springville910-10%$180,000$109,25064.8%
Marion31224328.4%$175,750$160,0009.8%
Hiawatha2931-6.5%$167,000$120,00039.2%
Center Point1318-27.8%$167,000$195,000-14.4%
Alburnett110%$155,000$86,00080.2%

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