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Cedar Rapids Today

Thursday, November 7, 2024

Home prices decreased in Mount Vernon during June 2021

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The median sale price of a home sold in June 2021 in Mount Vernon fell by $78,350 while total sales remained unchanged with seven homes sold, according to BlockShopper.com.

In June 2021, there were seven homes sold, with a median sale price of $221,650 - a 26.1% decrease over the $300,000 median sale price for the same period of the previous year. There were seven homes sold in Mount Vernon in June 2020, as well.

The median sales tax in Mount Vernon for the most recent year with available data, 2017, was $3,654, approximately 1.6% of the median home sale price for June 2021.

The following table compares Mount Vernon to other Linn County cities with similar median sale prices in June 2021:

CityJune 2021 Home SalesJune 2020 Home Sales% change (Total Home Sales)June 2021 Median Sales PriceJune 2020 Median Sales Price% change (Median Sales Price)
Palo26-66.7%$250,000$229,7508.8%
Center Point78-12.5%$249,000$206,70020.5%
Lisbon5366.7%$239,000$134,50077.7%
Ely5425%$232,500$269,950-13.9%
Marion968611.6%$228,800$214,4756.7%
Mount Vernon770%$221,650$300,000-26.1%
Fairfax1011-9.1%$217,000$195,00111.3%
Hiawatha1113-15.4%$185,000$110,00068.2%
Cedar Rapids28919945.2%$170,000$149,00014.1%
Central City63100%$122,000$245,000-50.2%
Springville330%$120,000$95,00026.3%

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