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Cedar Rapids Today

Thursday, November 7, 2024

The first half of 2021: Center Point experienced a 18.8% increase in median home prices

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The median sale price of a home sold in the first half of 2021 in Center Point rose by $29,400 while total sales increased by 36%, according to BlockShopper.com.

From January through June of 2021, there were 34 homes sold, with a median sale price of $185,500 - a 18.8% increase over the $156,100 median sale price for the same period of the previous year. There were 25 homes sold in Center Point in the first half of 2020.

The median sales tax in Center Point for the most recent year with available data, 2017, was $3,019, approximately 1.6% of the median home sale price for the first half of 2021.

The following table compares Center Point 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)
Lisbon221637.5%$239,975$150,50059.5%
Palo1323-43.5%$235,000$190,00023.7%
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%

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