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Cedar Rapids Today

Wednesday, November 6, 2024

Falling home prices in Fairfax in September 2021

Realestate2

The median sale price of a home sold in September 2021 in Fairfax fell by $30,500 while total sales increased by 160%, according to BlockShopper.com.

In September 2021, there were 13 homes sold, with a median sale price of $229,500 - a 11.7% decrease over the $260,000 median sale price for the same period of the previous year. There were five homes sold in Fairfax in September 2020.

The median sales tax in Fairfax for the most recent year with available data, 2017, was $3,172, approximately 1.4% of the median home sale price for September 2021.

The following table compares Fairfax to other Linn County cities with similar median sale prices in September 2021:

CitySept. 2021 Home SalesSept. 2020 Home Sales% change (Total Home Sales)Sept. 2021 Median Sales PriceSept. 2020 Median Sales Price% change (Median Sales Price)
Bertram10-$350,000$0-
Ely68-25%$348,000$305,50013.9%
Palo4333.3%$292,250$215,00035.9%
Robins35-40%$263,000$260,0001.2%
Mount Vernon48-50%$244,750$231,2505.8%
Fairfax135160%$229,500$260,000-11.7%
Center Point9650%$205,000$188,9758.5%
Marion7980-1.3%$187,000$203,000-7.9%
Hiawatha10742.9%$171,500$275,000-37.6%
Lisbon45-20%$168,500$200,000-15.8%
Cedar Rapids29118061.7%$152,000$154,250-1.5%

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