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Cedar Rapids Today

Wednesday, November 6, 2024

What happened to the median home price in Mount Vernon during November 2021?

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The median sale price of a home sold in November 2021 in Mount Vernon fell by $37,500 while total sales decreased by 20%, according to BlockShopper.com.

In November 2021, there were four homes sold, with a median sale price of $187,500 - a 16.7% decrease over the $225,000 median sale price for the same period of the previous year. There were five homes sold in Mount Vernon in November 2020.

The median sales tax in Mount Vernon for the most recent year with available data, 2017, was $3,654, approximately 1.9% of the median home sale price for November 2021.

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

CityNov. 2021 Home SalesNov. 2020 Home Sales% change (Total Home Sales)Nov. 2021 Median Sales PriceNov. 2020 Median Sales Price% change (Median Sales Price)
Palo3250%$270,000$259,5004%
Ely3250%$252,500$217,45016.1%
Lisbon4333.3%$235,000$220,0006.8%
Marion775735.1%$216,000$228,000-5.3%
Center Point11757.1%$195,000$192,4001.4%
Central City23-33.3%$190,000$150,00026.7%
Mount Vernon45-20%$187,500$225,000-16.7%
Hiawatha510-50%$181,500$156,50016%
Coggon12-50%$155,000$83,75085.1%
Cedar Rapids150180-16.7%$149,950$144,2504%
Alburnett31200%$44,900$485,000-90.7%

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