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Cedar Rapids Today

Wednesday, November 6, 2024

Ely 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 Ely fell by $30,314 while total sales decreased by 15.8%, according to BlockShopper.com.

From April through June of 2018, there were 16 homes sold, with a median sale price of $209,586 - a 12.6% decrease over the $239,900 median sale price for the same period of the previous year. There were 19 homes sold in Ely in the second quarter of 2017.

The median sales tax in Ely for the most recent year with available data, 2017, was $3,269, approximately 1.6% of the median home sale price for the second quarter of 2018.

The following table compares Ely 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)
Walford24-50%$264,950$254,4504.1%
Robins20195.3%$247,000$270,000-8.5%
Ely1619-15.8%$209,586$239,900-12.6%
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%

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