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Cedar Rapids Today

Thursday, December 26, 2024

Alburnett home prices fall in the second quarter of 2018

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The median sale price of a home sold in the second quarter of 2018 in Alburnett fell by $80,000 while total sales remained unchanged with three homes sold, according to BlockShopper.com.

From April through June of 2018, there were three homes sold, with a median sale price of $52,000 - a 60.6% decrease over the $132,000 median sale price for the same period of the previous year. There were three homes sold in Alburnett in the second quarter of 2017, as well.

The median sales tax in Alburnett for the most recent year with available data, 2017, was $2,387, approximately 4.6% of the median home sale price for the second quarter of 2018.

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

CityApr. - June 2018 Home SalesApr. - June 2017 Home Sales% change (Total Home Sales)Apr. - June 2018 Median Sales PriceApr. - June 2017 Median Sales Price% change (Median Sales Price)
Marion310342-9.4%$167,700$174,800-4.1%
Hiawatha36352.9%$166,250$190,000-12.5%
Springville616-62.5%$152,500$129,00018.2%
Fairfax2122-4.5%$148,000$170,750-13.3%
Lisbon1920-5%$139,900$162,450-13.9%
Cedar Rapids8858138.9%$138,000$120,00015%
Center Point2830-6.7%$134,000$147,700-9.3%
Central City1117-35.3%$127,000$100,00027%
Walker63100%$113,500$102,00011.3%
Coggon911-18.2%$87,500$120,000-27.1%
Alburnett330%$52,000$132,000-60.6%

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