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Cedar Rapids Today

Thursday, December 26, 2024

Marion home prices rise in the first half of 2018

Realestate5

The median sale price of a home sold in the first half of 2018 in Marion rose by $100 while total sales decreased by 10%, according to BlockShopper.com.

From January through June of 2018, there were 485 homes sold, with a median sale price of $170,000 - a 0.1% increase over the $169,900 median sale price for the same period of the previous year. There were 539 homes sold in Marion in the first half of 2017.

The median sales tax in Marion for the most recent year with available data, 2017, was $3,255, approximately 1.9% of the median home sale price for the first half of 2018.

The following table compares Marion 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)
Ely2536-30.6%$225,000$197,50013.9%
Walford45-20%$222,867$272,900-18.3%
Palo2233-33.3%$203,000$187,5008.3%
Bertram14-75%$189,950$372,245-49%
Mount Vernon3235-8.6%$174,250$175,000-0.4%
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%

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