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Cedar Rapids Today

Wednesday, November 6, 2024

Mount Vernon median home prices rose by 57.9% in August 2021

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The median sale price of a home sold in August 2021 in Mount Vernon rose by $103,000 while total sales increased by 71.4%, according to BlockShopper.com.

In August 2021, there were 12 homes sold, with a median sale price of $281,000 - a 57.9% increase over the $178,000 median sale price for the same period of the previous year. There were seven homes sold in Mount Vernon in August 2020.

The median sales tax in Mount Vernon for the most recent year with available data, 2017, was $3,654, approximately 1.3% of the median home sale price for August 2021.

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

CityAug. 2021 Home SalesAug. 2020 Home Sales% change (Total Home Sales)Aug. 2021 Median Sales PriceAug. 2020 Median Sales Price% change (Median Sales Price)
Robins4333.3%$412,500$322,00028.1%
Center Point6520%$317,500$214,00048.4%
Ely14-75%$298,900$295,5001.2%
Fairfax58-37.5%$285,000$272,5004.6%
Mount Vernon12771.4%$281,000$178,00057.9%
Hiawatha14955.6%$268,975$154,50074.1%
Walker220%$245,509$102,750138.9%
Marion1207657.9%$235,000$195,30020.3%
Palo4333.3%$234,500$196,00019.6%
Alburnett3250%$232,500$44,400423.6%
Lisbon13-66.7%$188,000$135,50038.7%

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