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Cedar Rapids Today

Thursday, November 7, 2024

How did home prices perform in Central City during the first half of 2021?

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The median sale price of a home sold in the first half of 2021 in Central City fell by $49,750 while total sales increased by 50%, according to BlockShopper.com.

From January through June of 2021, there were 15 homes sold, with a median sale price of $125,000 - a 28.5% decrease over the $174,750 median sale price for the same period of the previous year. There were 10 homes sold in Central City in the first half of 2020.

The median sales tax in Central City for the most recent year with available data, 2017, was $2,207, approximately 1.8% of the median home sale price for the first half of 2021.

The following table compares Central City to other Linn County cities with similar median sale prices in the first half of 2021:

CityJan. - June 2021 Home SalesJan. - June 2020 Home Sales% change (Total Home Sales)Jan. - June 2021 Median Sales PriceJan. - June 2020 Median Sales Price% change (Median Sales Price)
Marion3633416.5%$200,000$175,90013.7%
Mount Vernon321877.8%$198,250$216,500-8.4%
Fairfax332343.5%$190,000$259,900-26.9%
Center Point342536%$185,500$156,10018.8%
Hiawatha614052.5%$178,000$124,70042.7%
Springville171421.4%$162,500$184,750-12%
Cedar Rapids1,2271,07813.8%$150,000$143,9004.2%
Walker7616.7%$130,901$84,40055.1%
Central City151050%$125,000$174,750-28.5%
Coggon112450%$114,500$86,00033.1%
Alburnett62200%$96,500$318,650-69.7%

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