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Cedar Rapids Today

Wednesday, December 25, 2024

Mount Vernon home prices fall in the first half of 2018

Realestate5

The median sale price of a home sold in the first half of 2018 in Mount Vernon fell by $750 while total sales decreased by 8.6%, according to BlockShopper.com.

From January through June of 2018, there were 32 homes sold, with a median sale price of $174,250 - a 0.4% decrease over the $175,000 median sale price for the same period of the previous year. There were 35 homes sold in Mount Vernon in the first half of 2017.

The median sales tax in Mount Vernon for the most recent year with available data, 2017, was $3,654, approximately 2.1% of the median home sale price for the first half of 2018.

The following table compares Mount Vernon 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)
Robins2630-13.3%$264,000$235,50012.1%
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%

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