From April through June of 2018, there were 21 homes sold, with a median sale price of $148,000 - a 13.3% decrease over the $170,750 median sale price for the same period of the previous year. There were 22 homes sold in Fairfax in the second quarter of 2017.
The median sales tax in Fairfax for the most recent year with available data, 2017, was $3,172, approximately 2.1% of the median home sale price for the second quarter of 2018.
The following table compares Fairfax to other Linn County cities with similar median sales prices in the second quarter of 2018:
| City | Apr. - June 2018 Home Sales | Apr. - June 2017 Home Sales | % change (Total Home Sales) | Apr. - June 2018 Median Sales Price | Apr. - June 2017 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Bertram | 1 | 3 | -66.7% | $189,950 | $499,490 | -62% |
| Mount Vernon | 21 | 24 | -12.5% | $178,500 | $167,250 | 6.7% |
| Marion | 310 | 342 | -9.4% | $167,700 | $174,800 | -4.1% |
| Hiawatha | 36 | 35 | 2.9% | $166,250 | $190,000 | -12.5% |
| Springville | 6 | 16 | -62.5% | $152,500 | $129,000 | 18.2% |
| Fairfax | 21 | 22 | -4.5% | $148,000 | $170,750 | -13.3% |
| Lisbon | 19 | 20 | -5% | $139,900 | $162,450 | -13.9% |
| Cedar Rapids | 885 | 813 | 8.9% | $138,000 | $120,000 | 15% |
| Center Point | 28 | 30 | -6.7% | $134,000 | $147,700 | -9.3% |
| Central City | 11 | 17 | -35.3% | $127,000 | $100,000 | 27% |
| Walker | 6 | 3 | 100% | $113,500 | $102,000 | 11.3% |
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