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Cedar Rapids Today

Wednesday, November 6, 2024

The third quarter of 2021: Home prices in Ely increased

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The median sale price of a home sold in the third quarter of 2021 in Ely rose by $32,900 while total sales decreased by 13.3%, according to BlockShopper.com.

From July through September of 2021, there were 13 homes sold, with a median sale price of $298,900 - a 12.4% increase over the $266,000 median sale price for the same period of the previous year. There were 15 homes sold in Ely in the third quarter of 2020.

The median sales tax in Ely for the most recent year with available data, 2017, was $3,270, approximately 1.1% of the median home sale price for the third quarter of 2021.

The following table compares Ely to other Linn County cities with similar median sale prices in the third quarter of 2021:

CityJuly - Sept. 2021 Home SalesJuly - Sept. 2020 Home Sales% change (Total Home Sales)July - Sept. 2021 Median Sales PriceJuly - Sept. 2020 Median Sales Price% change (Median Sales Price)
Ely1315-13.3%$298,900$266,00012.4%
Robins1214-14.3%$297,000$299,750-0.9%
Fairfax24229.1%$290,250$226,25028.3%
Palo111010%$266,000$205,50029.4%
Mount Vernon302050%$264,500$182,75044.7%
Center Point251392.3%$242,000$190,00027.4%
Hiawatha412751.9%$205,000$215,000-4.7%
Marion31622739.2%$204,750$191,0007.2%
Lisbon912-25%$190,000$197,500-3.8%
Bertram20-$187,500$0-
Alburnett78-12.5%$182,000$176,5003.1%

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