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Cedar Rapids Today

Wednesday, December 25, 2024

Springville home prices rise 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 Springville rose by $23,500 while total sales decreased by 62.5%, according to BlockShopper.com.

From April through June of 2018, there were six homes sold, with a median sale price of $152,500 - a 18.2% increase over the $129,000 median sale price for the same period of the previous year. There were 16 homes sold in Springville in the second quarter of 2017.

The median sales tax in Springville for the most recent year with available data, 2017, was $2,524, approximately 1.7% of the median home sale price for the second quarter of 2018.

The following table compares Springville 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)
Palo1220-40%$203,750$180,75012.7%
Bertram13-66.7%$189,950$499,490-62%
Mount Vernon2124-12.5%$178,500$167,2506.7%
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%

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