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Cedar Rapids Today

Thursday, December 26, 2024

Central City home prices rise in the second quarter of 2018

Re 11

The median sale price of a home sold in the second quarter of 2018 in Central City rose by $27,000 while total sales decreased by 35.3%, according to BlockShopper.com.

From April through June of 2018, there were 11 homes sold, with a median sale price of $127,000 - a 27% increase over the $100,000 median sale price for the same period of the previous year. There were 17 homes sold in Central City in the second quarter of 2017.

The median sales tax in Central City for the most recent year with available data, 2017, was $2,207, approximately 1.7% of the median home sale price for the second quarter of 2018.

The following table compares Central City 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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