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Cedar Rapids Today

Wednesday, November 6, 2024

Lisbon home prices fall in the first quarter of 2018

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The median sale price of a home sold in the first quarter of 2018 in Lisbon fell by $20,000 while total sales increased by 66.7%, according to BlockShopper.com.

From January through March of 2018, there were 10 homes sold, with a median sale price of $112,500 - a 15.1% decrease over the $132,500 median sale price for the same period of the previous year. There were six homes sold in Lisbon in the first quarter of 2017.

The median sales tax in Lisbon for the most recent year with available data, 2017, was $3,006, approximately 2.7% of the median home sale price for the first quarter of 2018.

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

CityJan. - Mar. 2018 Home SalesJan. - Mar. 2017 Home Sales% change (Total Home Sales)Jan. - Mar. 2018 Median Sales PriceJan. - Mar. 2017 Median Sales Price% change (Median Sales Price)
Marion175197-11.2%$185,000$162,00014.2%
Mount Vernon11110%$170,000$215,000-20.9%
Hiawatha27258%$156,900$109,00043.9%
Cedar Rapids59548722.2%$125,000$117,5006.4%
Springville52150%$125,000$74,00068.9%
Walford21100%$123,500$300,000-58.8%
Alburnett26-66.7%$114,750$180,000-36.3%
Lisbon10666.7%$112,500$132,500-15.1%
Central City89-11.1%$80,700$84,450-4.4%
Coggon56-16.7%$69,900$78,975-11.5%
Walker31200%$39,000$104,000-62.5%

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