In May 2020, there were 164 homes sold, with a median sale price of $143,500 - a 2.5% increase over the $140,000 median sale price for the same period of the previous year. There were 274 homes sold in Cedar Rapids in May 2019.
The median sales tax in Cedar Rapids for the most recent year with available data, 2017, was $2,561, approximately 1.8% of the median home sale price for May 2020.
The following table compares Cedar Rapids to other Linn County cities with similar median sales prices in May 2020:
| City | May 2020 Home Sales | May 2019 Home Sales | % change (Total Home Sales) | May 2020 Median Sales Price | May 2019 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Lisbon | 3 | 3 | 0% | $290,000 | $216,000 | 34.3% |
| Fairfax | 5 | 8 | -37.5% | $290,000 | $202,450 | 43.2% |
| Robins | 3 | 7 | -57.1% | $245,000 | $251,200 | -2.5% |
| Springville | 2 | 5 | -60% | $237,500 | $125,000 | 90% |
| Hiawatha | 4 | 18 | -77.8% | $182,000 | $163,850 | 11.1% |
| Palo | 2 | 4 | -50% | $180,000 | $194,500 | -7.5% |
| Walker | 2 | 2 | 0% | $175,250 | $122,500 | 43.1% |
| Cedar Rapids | 164 | 274 | -40.1% | $143,500 | $140,000 | 2.5% |
| Marion | 60 | 89 | -32.6% | $140,950 | $157,000 | -10.2% |
| Bertram | 1 | 0 | - | $131,500 | $0 | - |
| Center Point | 7 | 7 | 0% | $78,500 | $135,000 | -41.9% |
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