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Cedar Rapids Today

Thursday, December 26, 2024

Springville home prices rise in the first half of 2018

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The median sale price of a home sold in the first half of 2018 in Springville rose by $9,000 while total sales decreased by 38.9%, according to BlockShopper.com.

From January through June of 2018, there were 11 homes sold, with a median sale price of $130,000 - a 7.4% increase over the $121,000 median sale price for the same period of the previous year. There were 18 homes sold in Springville in the first half of 2017.

The median sales tax in Springville for the most recent year with available data, 2017, was $2,524, approximately 1.9% of the median home sale price for the first half of 2018.

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

CityJan. - June 2018 Home SalesJan. - June 2017 Home Sales% change (Total Home Sales)Jan. - June 2018 Median Sales PriceJan. - June 2017 Median Sales Price% change (Median Sales Price)
Marion485539-10%$170,000$169,9000.1%
Hiawatha63605%$160,000$158,5000.9%
Fairfax33323.1%$155,000$170,750-9.2%
Center Point3542-16.7%$150,000$146,2002.6%
Cedar Rapids1,4801,30013.8%$134,900$119,50012.9%
Springville1118-38.9%$130,000$121,0007.4%
Lisbon292611.5%$120,000$152,500-21.3%
Central City1926-26.9%$100,000$90,85010.1%
Coggon1417-17.6%$86,750$115,000-24.6%
Alburnett59-44.4%$82,000$180,000-54.4%
Walker94125%$55,000$103,000-46.6%

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