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Cedar Rapids Today

Thursday, November 7, 2024

The first half of 2021: Home prices in Cedar Rapids increased

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The median sale price of a home sold in the first half of 2021 in Cedar Rapids rose by $6,100 while total sales increased by 13.8%, according to BlockShopper.com.

From January through June of 2021, there were 1,227 homes sold, with a median sale price of $150,000 - a 4.2% increase over the $143,900 median sale price for the same period of the previous year. There were 1,078 homes sold in Cedar Rapids in the first half of 2020.

The median sales tax in Cedar Rapids for the most recent year with available data, 2017, was $2,561, approximately 1.7% of the median home sale price for the first half of 2021.

The following table compares Cedar Rapids 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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