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Cedar Rapids Today

Thursday, November 7, 2024

Alburnett home prices fall in the second half of 2017

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The median sale price of a home sold in the second half of 2017 in Alburnett fell by $750 while total sales increased by 16.7%, according to BlockShopper.com.

From July through December of 2017, there were seven homes sold, with a median sale price of $170,000 - a 0.4% decrease over the $170,750 median sale price for the same period of the previous year. There were six homes sold in Alburnett in the second half of 2016.

The median sales tax in Alburnett for 2017 was $2,387. In 2016, the median sales tax was $2,470. This marks an decrease of 3.4%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 1.4%.

The following table compares Alburnett to other Linn County cities with similar median sales prices in the second half of 2017:

CityJuly - Dec. 2017 Home SalesJuly - Dec. 2016 Home Sales% change (Total Home Sales)July - Dec. 2017 Median Sales PriceJuly - Dec. 2016 Median Sales Price% change (Median Sales Price)
Walford5425%$282,000$278,442.501.3%
Ely312714.8%$229,900$182,50026%
Mount Vernon2736-25%$227,000$186,22521.9%
Palo3339-15.4%$219,000$158,00038.6%
Center Point3146-32.6%$195,000$153,95026.7%
Alburnett7616.7%$170,000$170,750-0.4%
Lisbon2038-47.4%$152,750$112,12536.2%
Marion486543-10.5%$150,000$175,000-14.3%
Fairfax2639-33.3%$137,500$244,850-43.8%
Cedar Rapids1,3441,2844.7%$130,000$117,97510.2%
Hiawatha6184-27.4%$129,900$141,000-7.9%

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