From July through December of 2018, there were 26 homes sold, with a median sale price of $166,750 - a 23.9% decrease over the $219,000 median sale price for the same period of the previous year. There were 33 homes sold in Palo in the second half of 2017.
The median sales tax in Palo for the most recent year with available data, 2017, was $2,969, approximately 1.8% of the median home sale price for the second half of 2018.
The following table compares Palo to other Linn County cities with similar median sales prices in the second half of 2018:
| City | July - Dec. 2018 Home Sales | July - Dec. 2017 Home Sales | % change (Total Home Sales) | July - Dec. 2018 Median Sales Price | July - Dec. 2017 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Fairfax | 47 | 26 | 80.8% | $217,000 | $137,500 | 57.8% |
| Mount Vernon | 33 | 27 | 22.2% | $180,000 | $227,000 | -20.7% |
| Marion | 561 | 486 | 15.4% | $170,000 | $150,000 | 13.3% |
| Center Point | 29 | 31 | -6.5% | $169,900 | $195,000 | -12.9% |
| Alburnett | 8 | 7 | 14.3% | $169,000 | $170,000 | -0.6% |
| Palo | 26 | 33 | -21.2% | $166,750 | $219,000 | -23.9% |
| Hiawatha | 52 | 61 | -14.8% | $163,750 | $129,900 | 26.1% |
| Lisbon | 25 | 20 | 25% | $139,500 | $152,750 | -8.7% |
| Cedar Rapids | 1,418 | 1,344 | 5.5% | $139,000 | $130,000 | 6.9% |
| Coggon | 10 | 10 | 0% | $133,750 | $79,750 | 67.7% |
| Springville | 21 | 16 | 31.3% | $133,000 | $118,500 | 12.2% |
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