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Cedar Rapids Today

Thursday, December 26, 2024

Ely 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 Ely rose by $27,500 while total sales decreased by 30.6%, according to BlockShopper.com.

From January through June of 2018, there were 25 homes sold, with a median sale price of $225,000 - a 13.9% increase over the $197,500 median sale price for the same period of the previous year. There were 36 homes sold in Ely in the first half of 2017.

The median sales tax in Ely for the most recent year with available data, 2017, was $3,269, approximately 1.5% of the median home sale price for the first half of 2018.

The following table compares Ely 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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