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Cedar Rapids Today

Wednesday, November 6, 2024

Ely median home prices rose by 16.1% in November 2021

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The median sale price of a home sold in November 2021 in Ely rose by $35,050 while total sales increased by 50%, according to BlockShopper.com.

In November 2021, there were three homes sold, with a median sale price of $252,500 - a 16.1% increase over the $217,450 median sale price for the same period of the previous year. There were two homes sold in Ely in November 2020.

The median sales tax in Ely for the most recent year with available data, 2017, was $3,270, approximately 1.3% of the median home sale price for November 2021.

The following table compares Ely 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)
Robins47-42.9%$396,750$308,50028.6%
Fairfax57-28.6%$350,000$132,000165.2%
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%

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