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Cedar Rapids Today

Thursday, November 7, 2024

Falling home prices in Lisbon in the second quarter of 2021

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The median sale price of a home sold in the second quarter of 2021 in Lisbon fell by $3,025 while total sales increased by 25%, according to BlockShopper.com.

From April through June of 2021, there were 10 homes sold, with a median sale price of $239,475 - a 1.2% decrease over the $242,500 median sale price for the same period of the previous year. There were eight homes sold in Lisbon in the second quarter of 2020.

The median sales tax in Lisbon for the most recent year with available data, 2017, was $3,006, approximately 1.3% of the median home sale price for the second quarter of 2021.

The following table compares Lisbon to other Linn County cities with similar median sale prices in the second quarter of 2021:

CityApr. - June 2021 Home SalesApr. - June 2020 Home Sales% change (Total Home Sales)Apr. - June 2021 Median Sales PriceApr. - June 2020 Median Sales Price% change (Median Sales Price)
Robins151136.4%$400,000$290,00037.9%
Walford12-50%$365,000$314,75016%
Palo910-10%$280,000$194,45044%
Ely10100%$267,475$239,20011.8%
Center Point191711.8%$249,000$194,50028%
Lisbon10825%$239,475$242,500-1.2%
Mount Vernon188125%$200,000$302,500-33.9%
Marion22918921.2%$200,000$184,5008.4%
Fairfax211816.7%$190,000$267,450-29%
Hiawatha4219121.1%$181,000$150,00020.7%
Cedar Rapids75754638.6%$158,000$148,5006.4%

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