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Cedar Rapids Today

Thursday, December 26, 2024

Alburnett home prices fall 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 Alburnett fell by $98,000 while total sales decreased by 44.4%, according to BlockShopper.com.

From January through June of 2018, there were five homes sold, with a median sale price of $82,000 - a 54.4% decrease over the $180,000 median sale price for the same period of the previous year. There were nine homes sold in Alburnett in the first half of 2017.

The median sales tax in Alburnett for the most recent year with available data, 2017, was $2,387, approximately 2.9% of the median home sale price for the first half of 2018.

The following table compares Alburnett 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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